Town government · Burke County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Valdese took in $15.0 million and spent $11.4 million.

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

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Where it comes from

Fees for services (water, liquor stores)50%Town taxes28%State tax money18%Fines and other3.6%County and local tax money0.1%

What stands out

11%

of Valdese's money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes28%

Property tax
16%$2.4 million
Sales tax
11%$1.6 million
Other taxes
1.3%$188 thousand
What's in other taxesAlcoholic beverage taxes and other selective sales taxes
  • Alcoholic beverage taxes$121 thousand
  • Other selective sales taxes$67 thousand

Amounts are by Census tax category.

Fees for services50%

Fees for services
50%$7.5 million
What's in fees for servicesWater; liquor stores and 5 more
  • Water$4.2 million
  • Liquor stores$1.4 million
  • Sewer$1.2 million
  • Parks and recreation$276 thousand
  • Garbage collection$255 thousand
  • Other government-run businesses$97 thousand
  • Other service charges$1 thousand

Amounts are by Census type of charge.

State tax money18%

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

From the state
18%$2.8 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$20 thousand

Fines and other3.6%

Interest, rents and other
3.6%$535 thousand

Where it goes

Water, sewer, trash and utilities51%Police, fire, courts and jails18%Parks, recreation and libraries16%Running the government and other costs7.2%Roads, transit and parking4.7%All other spending3.6%

What stands out

16%

of Valdese's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Water, sewer, trash and utilities
51%$5.8 million
What's in water, sewer, trash and utilitiesWater supply; liquor stores and 2 more
  • Water supply$3.2 million
  • Liquor stores$1.2 million
  • Sewer systems$1.1 million
  • Garbage and solid waste$320 thousand
Police, fire, courts and jails
18%$2.0 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.3 million
  • Fire protection$700 thousand
Parks, recreation and libraries
16%$1.8 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$1.8 million
Running the government and other costs
7.2%$823 thousand
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$288 thousand
  • Finance, tax collection and budgeting$265 thousand
  • Government buildings$207 thousand
  • Central staff services (personnel, purchasing, technology)$63 thousand
Roads, transit and parking
4.7%$541 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$541 thousand
Housing and community development
1.8%$205 thousand
Interest on debt
1.3%$148 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$99 thousand
  • Interest on water supply debt$49 thousand
Sent to other local governments
0.4%$46 thousand
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$46 thousand
Health and hospitals
<0.1%$9 thousand
What's in health and hospitalsPublic health
  • Public health$9 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Valdese. 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 Valdese 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.