Town government · Polk County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Tryon took in $5.7 million and spent $5.0 million.

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

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Where it comes from

Town taxes41%County and local tax money31%Fees for services (liquor stores, garbage collection)14%State tax money6.4%Federal tax money4.5%Fines and other3.1%

What stands out

31%

of Tryon'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 taxes41%

Property tax
32%$1.8 million
Sales tax
8.8%$501 thousand

Fees for services14%

Fees for services
14%$799 thousand
What's in fees for servicesLiquor stores; garbage collection and 1 more
  • Liquor stores$539 thousand
  • Garbage collection$258 thousand
  • Other government-run businesses$2 thousand

Amounts are by Census type of charge.

Federal tax money4.5%

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

From the federal government
4.5%$257 thousand

State tax money6.4%

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

From the state
6.4%$363 thousand

County and local tax money31%

Money passed on by the county or other local governments.

From the county and other local governments
31%$1.8 million

Fines and other3.1%

Interest, rents and other
3.1%$179 thousand

Where it goes

Sent to other local governments31%Running the government and other costs28%Water, sewer, trash and utilities14%Police, fire, courts and jails12%Roads, transit and parking7.4%All other spending7.9%

What stands out

31%

of Tryon's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Sent to other local governments
31%$1.5 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1.5 million
Running the government and other costs
28%$1.4 million
What's in running the government and other costsFinance, tax collection and budgeting and central staff services (personnel, purchasing, technology)
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$54 thousand
Water, sewer, trash and utilities
14%$679 thousand
What's in water, sewer, trash and utilitiesLiquor stores; water supply and 2 more
  • Liquor stores$497 thousand
  • Water supply$127 thousand
  • Sewer systems$50 thousand
  • Garbage and solid waste$5 thousand
Police, fire, courts and jails
12%$622 thousand
What's in police, fire, courts and jailsPolice
  • Police$622 thousand
Roads, transit and parking
7.4%$370 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$370 thousand
Parks, recreation and libraries
5.6%$281 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$281 thousand
Interest on debt
2.2%$110 thousand
Housing and community development
<0.1%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Tryon. 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 Tryon 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.