Town government · Cleveland County, NC

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

In the latest recorded fiscal year (ended June 30, 2022), Waco took in $104 thousand and spent $101 thousand.

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

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Where it comes from

Town taxes51%State tax money40%County and local tax money4.8%Fines and other3.8%

What stands out

15%

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

Town taxes51%

Property tax
36%$37 thousand
Sales tax
15%$16 thousand

State tax money40%

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

From the state
40%$42 thousand

County and local tax money4.8%

Money passed on by the county or other local governments.

From the county and other local governments
4.8%$5 thousand

Fines and other3.8%

Interest, rents and other
3.8%$4 thousand

Where it goes

Running the government and other costs53%Water, sewer, trash and utilities25%Roads, transit and parking22%

What stands out

53%

of Waco'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%

Running the government and other costs
53%$54 thousand
What's in running the government and other costsGovernment buildings; finance, tax collection and budgeting and 2 more
  • Government buildings$34 thousand
  • Finance, tax collection and budgeting$8 thousand
  • Central staff services (personnel, purchasing, technology)$6 thousand
  • Other and not broken out$6 thousand
Water, sewer, trash and utilities
25%$25 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$25 thousand
Roads, transit and parking
22%$22 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$22 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Waco. 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 Waco 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.