Town government · Gaston County, NC

Spencer Mountain's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2022), Spencer Mountain took in $81 thousand and spent $42 thousand.

Latest recorded year: ended June 30, 2022Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Town taxes44%Fines and other40%State tax money15%Fees for services (garbage collection)1.2%

What stands out

40%

of Spencer Mountain's money comes from interest, rents and other revenue.A typical U.S. city, town or village of under 10,000 people gets 3%.

Town taxes44%

Property tax
26%$21 thousand
Sales tax
19%$15 thousand

Fees for services1.2%

Fees for services
1.2%$1 thousand
What's in fees for servicesGarbage collection
  • Garbage collection$1 thousand

Amounts are by Census type of charge.

State tax money15%

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

From the state
15%$12 thousand

Fines and other40%

Interest, rents and other
40%$32 thousand

Where it goes

Police, fire, courts and jails43%Running the government and other costs26%Roads, transit and parking17%Water, sewer, trash and utilities9.5%Interest on debt4.8%

What stands out

43%

of Spencer Mountain's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
43%$18 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$13 thousand
  • Fire protection$5 thousand
Running the government and other costs
26%$11 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$10 thousand
  • Finance, tax collection and budgeting$1 thousand
Roads, transit and parking
17%$7 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$7 thousand
Water, sewer, trash and utilities
9.5%$4 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$4 thousand
Interest on debt
4.8%$2 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Spencer Mountain. 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 Spencer Mountain 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.