Town government · Stanly County, NC

Norwood's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Norwood took in $3.7 million and spent $4.0 million.

Latest recorded year: ended June 30, 2022Comes fromGoes to

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Where it comes from

Town taxes39%State tax money29%Fees for services (liquor stores, garbage collection)28%Fines and other4.7%County and local tax money<0.1%

What stands out

29%

of Norwood's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

Town taxes39%

Property tax
37%$1.4 million
Other taxes
0.9%$33 thousand
What's in other taxesAlcoholic beverage taxes and other licenses
  • Alcoholic beverage taxes$31 thousand
  • Other licenses$2 thousand

Amounts are by Census tax category.

Sales tax
0.2%$9 thousand

Fees for services28%

Fees for services
28%$1.0 million
What's in fees for servicesLiquor stores; garbage collection and 1 more
  • Liquor stores$852 thousand
  • Garbage collection$154 thousand
  • Other service charges$34 thousand

Amounts are by Census type of charge.

State tax money29%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
29%$1.1 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$2 thousand

Fines and other4.7%

Interest, rents and other
4.7%$175 thousand

Where it goes

Water, sewer, trash and utilities30%Police, fire, courts and jails28%Running the government and other costs24%Roads, transit and parking13%Parks, recreation and libraries3.7%All other spending1.7%

What stands out

28%

of Norwood's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Water, sewer, trash and utilities
30%$1.2 million
What's in water, sewer, trash and utilitiesLiquor stores and garbage and solid waste
  • Liquor stores$775 thousand
  • Garbage and solid waste$414 thousand
Police, fire, courts and jails
28%$1.1 million
What's in police, fire, courts and jailsPolice
  • Police$1.1 million
Running the government and other costs
24%$968 thousand
What's in running the government and other costsFinance, tax collection and budgeting and other and not broken out
  • Finance, tax collection and budgeting$941 thousand
  • Other and not broken out$27 thousand
Roads, transit and parking
13%$520 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$520 thousand
Parks, recreation and libraries
3.7%$146 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$146 thousand
Interest on debt
1.6%$62 thousand
Health and hospitals
<0.1%$3 thousand
What's in health and hospitalsPublic health
  • Public health$3 thousand
Sent to other local governments
<0.1%$3 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$3 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Norwood. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Town of Norwood itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.