Town government · Edgecombe County, NC
Speed's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2022), Speed took in $52 thousand and spent $46 thousand.
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Where it comes from
What stands out
of Speed's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.
Town taxes60%
State tax money40%
Money the state passes on, paid for by the state taxes residents also pay.
Where it goes
What stands out
of Speed's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.
Spending by category100%
What's in running the government and other costsFinance, tax collection and budgeting
- Finance, tax collection and budgeting$26 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
- Garbage and solid waste$20 thousand
Sources and moreWhere these numbers come from and what they cover
Town of Speed. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended June 30, 2022. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.
What this covers. The money of Town of Speed 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.