Town government · Johnston County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Princeton took in $3.9 million and spent $3.0 million.

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

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Where it comes from

State tax money39%Fees for services (water, garbage collection)26%Town taxes21%County and local tax money13%Fines and other0.5%

What stands out

13%

of Princeton's money comes from county and other local tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes21%

Property tax
15%$573 thousand
Sales tax
6.3%$244 thousand
Other taxes
<0.1%$3 thousand
What's in other taxesOccupation and business licenses and other licenses
  • Occupation and business licenses$2 thousand
  • Other licenses$1 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$999 thousand
What's in fees for servicesWater and garbage collection
  • Water$818 thousand
  • Garbage collection$181 thousand

Amounts are by Census type of charge.

State tax money39%

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

From the state
39%$1.5 million

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$510 thousand

Fines and other0.5%

Interest, rents and other
0.5%$21 thousand

Where it goes

Running the government and other costs40%Water, sewer, trash and utilities20%Police, fire, courts and jails16%Housing and community development12%Roads, transit and parking9.3%All other spending3.7%

What stands out

12%

of Princeton's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
40%$1.2 million
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more
  • Government buildings$844 thousand
  • Finance, tax collection and budgeting$299 thousand
  • Central staff services (personnel, purchasing, technology)$40 thousand
  • Other and not broken out$12 thousand
Water, sewer, trash and utilities
20%$596 thousand
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$530 thousand
  • Garbage and solid waste$66 thousand
Police, fire, courts and jails
16%$474 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$396 thousand
  • Fire protection$78 thousand
Housing and community development
12%$364 thousand
Roads, transit and parking
9.3%$282 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$282 thousand
Interest on debt
2.4%$72 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$59 thousand
  • Interest on general debt$13 thousand
Parks, recreation and libraries
1.3%$40 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$40 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Princeton. 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 Princeton 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.