Town government · Brunswick County, NC

Oak Island's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Oak Island took in $75.3 million and spent $41.9 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes39%Fees for services (sewer, water)38%State tax money12%Fines and other5.7%County and local tax money3.7%Federal tax money1.2%

What stands out

5.3%

of Oak Island's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes39%

Property tax
24%$18.0 million
Other taxes
9.8%$7.4 million
What's in other taxesMotor vehicle licenses; other selective sales taxes and 2 more
  • Motor vehicle licenses$3.2 million
  • Other selective sales taxes$2.1 million
  • Occupation and business licenses$1.6 million
  • Alcoholic beverage taxes$546 thousand

Amounts are by Census tax category.

Sales tax
5.3%$4.0 million

Fees for services38%

Fees for services
38%$28.8 million
What's in fees for servicesSewer; water and 5 more
  • Sewer$14.4 million
  • Water$5.4 million
  • Liquor stores$4.1 million
  • Garbage collection$2.3 million
  • Parking$1.3 million
  • Parks and recreation$1.1 million
  • Other service charges$232 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
1.2%$900 thousand

State tax money12%

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

From the state
12%$9.2 million

County and local tax money3.7%

Money passed on by the county or other local governments.

From the county and other local governments
3.7%$2.7 million

Fines and other5.7%

Interest, rents and other
5.7%$4.3 million

Where it goes

Water, sewer, trash and utilities36%Running the government and other costs18%Police, fire, courts and jails17%Roads, transit and parking8.5%Environment and natural resources7.0%All other spending13%

What stands out

7%

of Oak Island's spending goes to the environment and natural resources.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
36%$15.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$7.0 million
  • Water supply$4.7 million
  • Liquor stores$3.4 million
Running the government and other costs
18%$7.5 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$4.2 million
  • Finance, tax collection and budgeting$2.7 million
  • Government buildings$396 thousand
  • Central staff services (personnel, purchasing, technology)$150 thousand
Police, fire, courts and jails
17%$7.3 million
What's in police, fire, courts and jailsFire protection; police and 1 more
  • Fire protection$3.6 million
  • Police$3.5 million
  • Courts and legal services$123 thousand
Roads, transit and parking
8.5%$3.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.6 million
Environment and natural resources
7.0%$3.0 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3.0 million
Interest on debt
5.8%$2.4 million
Parks, recreation and libraries
4.1%$1.7 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.7 million
Housing and community development
3.3%$1.4 million
Health and hospitals
<0.1%$37 thousand
What's in health and hospitalsPublic health
  • Public health$37 thousand
Sent to other local governments
<0.1%$12 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$12 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Oak Island. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Oak Island 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.