Town government · Guilford County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Oak Ridge took in $1.8 million and spent $2.0 million.

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

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Where it comes from

Town taxes72%State tax money21%Fines and other6.4%Fees for services1.3%

What stands out

19%

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

Town taxes72%

Property tax
52%$943 thousand
Sales tax
19%$341 thousand
Other taxes
0.3%$6 thousand
What's in other taxesOther licenses
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services1.3%

Fees for services
1.3%$24 thousand
What's in fees for servicesOther service charges
  • Other service charges$24 thousand

Amounts are by Census type of charge.

State tax money21%

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

From the state
21%$375 thousand

Fines and other6.4%

Interest, rents and other
6.4%$115 thousand

Where it goes

Parks, recreation and libraries58%Running the government and other costs38%Interest on debt3.8%

What stands out

58%

of Oak Ridge's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Parks, recreation and libraries
58%$1.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.2 million
Running the government and other costs
38%$749 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and government buildings
  • Central staff services (personnel, purchasing, technology)$723 thousand
  • Government buildings$26 thousand
Interest on debt
3.8%$76 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Oak Ridge. 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 Oak Ridge 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.