Town government · Johnston County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Smithfield took in $42.2 million and spent $34.8 million.

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

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Where it comes from

Fees for services (electric power, sewer)67%Town taxes27%State tax money4.5%Fines and other0.7%

What stands out

67%

of Smithfield's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

Town taxes27%

Property tax
19%$7.9 million
Sales tax
8.4%$3.5 million
Other taxes
0.2%$95 thousand
What's in other taxesOccupation and business licenses; other licenses and 1 more
  • Occupation and business licenses$50 thousand
  • Other licenses$44 thousand
  • Other selective sales taxes$1 thousand

Amounts are by Census tax category.

Fees for services67%

Fees for services
67%$28.4 million
What's in fees for servicesElectric power; sewer and 5 more
  • Electric power$15.8 million
  • Sewer$5.0 million
  • Water$4.9 million
  • Other government-run businesses$1.7 million
  • Parks and recreation$732 thousand
  • Other service charges$220 thousand
  • Hospital bills$51 thousand

Amounts are by Census type of charge.

State tax money4.5%

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

From the state
4.5%$1.9 million

Fines and other0.7%

Interest, rents and other
0.7%$309 thousand

Where it goes

Water, sewer, trash and utilities65%Police, fire, courts and jails19%Parks, recreation and libraries5.5%Running the government and other costs4.4%Roads, transit and parking4.3%All other spending2.0%

What stands out

65%

of Smithfield's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
65%$22.6 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$15.7 million
  • Water supply$5.2 million
  • Garbage and solid waste$1.6 million
  • Sewer systems$117 thousand
Police, fire, courts and jails
19%$6.6 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$4.4 million
  • Fire protection$2.2 million
Parks, recreation and libraries
5.5%$1.9 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.9 million
Running the government and other costs
4.4%$1.5 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$1.1 million
  • Government buildings$299 thousand
  • Finance, tax collection and budgeting$129 thousand
Roads, transit and parking
4.3%$1.5 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$1.4 million
  • Parking$129 thousand
Interest on debt
1.1%$373 thousand
What's in interest on debtInterest on general debt; interest on electric power debt and 1 more
  • Interest on general debt$267 thousand
  • Interest on electric power debt$55 thousand
  • Interest on water supply debt$51 thousand
Environment and natural resources
0.5%$170 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$170 thousand
Housing and community development
0.5%$163 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Smithfield. 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 Smithfield 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.