Town government · Franklin County, VA

Rocky Mount's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Rocky Mount took in $16.1 million and spent $17.3 million.

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

See every government that serves your ZIP

Where it comes from

Town taxes39%Fees for services (sewer, water)31%State tax money16%Fines and other9.4%Federal tax money4.5%

What stands out

27%

of Rocky Mount's money comes from taxes other than property, sales and income taxes.A typical U.S. city, town or village of under 10,000 people gets 2.5%.

Town taxes39%

Other taxes
27%$4.4 million
What's in other taxesOther selective sales taxes; occupation and business licenses and 3 more
  • Other selective sales taxes$3.1 million
  • Occupation and business licenses$924 thousand
  • Public utility taxes$322 thousand
  • Tobacco taxes$57 thousand
  • Other licenses$28 thousand

Amounts are by Census tax category.

Property tax
9.4%$1.5 million
Sales tax
2.2%$354 thousand

Fees for services31%

Fees for services
31%$4.9 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$1.7 million
  • Water$1.7 million
  • Parks and recreation$1.2 million
  • Garbage collection$277 thousand
  • Other service charges$84 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%$717 thousand

State tax money16%

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

From the state
16%$2.6 million

Fines and other9.4%

Interest, rents and other
9.1%$1.5 million
Fines
0.3%$46 thousand

Where it goes

Roads, transit and parking23%Water, sewer, trash and utilities22%Police, fire, courts and jails19%Running the government and other costs14%Parks, recreation and libraries12%All other spending10%

What stands out

8.1%

of Rocky Mount's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
23%$4.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$4.0 million
Water, sewer, trash and utilities
22%$3.8 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.1 million
  • Sewer systems$1.6 million
  • Garbage and solid waste$138 thousand
Police, fire, courts and jails
19%$3.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.1 million
  • Fire protection$206 thousand
Running the government and other costs
14%$2.4 million
What's in running the government and other costsOther and not broken out; government buildings and 1 more
  • Other and not broken out$1.4 million
  • Government buildings$882 thousand
  • Central staff services (personnel, purchasing, technology)$109 thousand
Parks, recreation and libraries
12%$2.1 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.1 million
Housing and community development
8.1%$1.4 million
Interest on debt
1.9%$328 thousand
Social services
<0.1%$1 thousand
What's in social servicesOther public welfare
  • Other public welfare$1 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Rocky Mount. 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 Rocky Mount 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.