Town government · Buncombe County, NC

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

In the latest recorded fiscal year (ended June 30, 2024), Woodfin took in $10.4 million and spent $8.7 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

Town taxes63%Fees for services (liquor stores, sewer)23%State tax money7.9%Fines and other6.0%

What stands out

19%

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

Town taxes63%

Property tax
39%$4.1 million
Sales tax
19%$2.0 million
Other taxes
4.1%$426 thousand
What's in other taxesMotor vehicle licenses; alcoholic beverage taxes and 2 more
  • Motor vehicle licenses$271 thousand
  • Alcoholic beverage taxes$85 thousand
  • Occupation and business licenses$64 thousand
  • Other licenses$6 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$2.4 million
What's in fees for servicesLiquor stores; sewer and 2 more
  • Liquor stores$2.0 million
  • Sewer$451 thousand
  • Other government-run businesses$22 thousand
  • Parking$3 thousand

Amounts are by Census type of charge.

State tax money7.9%

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

From the state
7.9%$818 thousand

Fines and other6.0%

Interest, rents and other
6.0%$624 thousand
Fines
<0.1%$2 thousand

Where it goes

Water, sewer, trash and utilities32%Police, fire, courts and jails25%Roads, transit and parking13%Running the government and other costs11%Parks, recreation and libraries7.3%All other spending11%

What stands out

25%

of Woodfin'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%

Water, sewer, trash and utilities
32%$2.8 million
What's in water, sewer, trash and utilitiesLiquor stores; garbage and solid waste and 1 more
  • Liquor stores$1.9 million
  • Garbage and solid waste$727 thousand
  • Sewer systems$194 thousand
Police, fire, courts and jails
25%$2.2 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$2.1 million
  • Courts and legal services$35 thousand
Roads, transit and parking
13%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Running the government and other costs
11%$981 thousand
What's in running the government and other costsFinance, tax collection and budgeting; central staff services (personnel, purchasing, technology) and 1 more
  • Finance, tax collection and budgeting$604 thousand
  • Central staff services (personnel, purchasing, technology)$337 thousand
  • Government buildings$40 thousand
Parks, recreation and libraries
7.3%$638 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$638 thousand
Sent to other local governments
5.0%$436 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$429 thousand
  • Sent to the state government$7 thousand
Housing and community development
3.9%$344 thousand
Interest on debt
2.2%$190 thousand
Health and hospitals
0.1%$10 thousand
What's in health and hospitalsPublic health
  • Public health$10 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Woodfin. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Town of Woodfin 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.