Town government · Edgecombe County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Tarboro took in $559 thousand and spent $415 thousand.

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

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Where it comes from

Federal tax money89%Fees for services (housing)8.9%Fines and other1.6%

What stands out

89%

of Tarboro's money comes from federal tax money.A typical U.S. city of 10,000 to 50,000 people gets 1.2%.

Fees for services8.9%

Fees for services
8.9%$50 thousand
What's in fees for servicesHousing
  • Housing$50 thousand

Amounts are by Census type of charge.

Federal tax money89%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
89%$500 thousand

Fines and other1.6%

Interest, rents and other
1.6%$9 thousand

Where it goes

Housing and community development96%Interest on debt3.6%

What stands out

96%

of Tarboro's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Housing and community development
96%$400 thousand
Interest on debt
3.6%$15 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tarboro. 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 Tarboro 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.