NC STATE REVENUE AND EXPENDITURES

Where does the money come from?

Where does the money go?

STATE REVENUE

• PERSONAL INCOME TAX: most important source for the state. – 5.75%

• SALES TAX– 4.75%

• EXCISE TAX– NC Gas Tax: ~36%

• FINES/FEES– http://www.nccourts.org/Courts/Trial/Documents

/court_costs_chart-1Aug2013-civil.pdf

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COUNTY REVENUE

• PROPERTY TAXES:– 35% of the revenue– Property is taxed at the same rate

• All counties between .28% and 1.2%.

– County and municipalities levy these taxes

• INTERGOVERNMENTAL: money from the state (Medicaid, public school funds)

• Sales tax: County/Local + 2-4%

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STATE EXPENDITURES• Education: 56%

– Public education, community colleges and university system• Health and Human Services: 24%

– Medicaid, social services, child development• Justice and Public Safety: 10%

– Juvenile & delinquency prevention, attorney general, etc.• Other: 5.22%

– State health plan, pay raises, emergency fund• General Government: 2.2%

– Administration, General Assembly, Governor, etc.• Natural and Economic Resources: 2.2%

– Agricultural and consumer services, etc.• Transportation: .08%

– (airport and aviation)

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County Expenditures

• Education: 29%– Public school education (k-12)

• Human Services: 28%– Medicaid, foster care, hospitals, public health, etc.

• Public Safety: 13%– Sheriff’s office, EMS, fire dept.

• Other: 13%– Libraries, parks, recreations, solid waste

• Debt: 9%– bonds

• General: 8%– Register of deeds, elections, building maintenance, salaries, etc.

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How does the Budget affect you?

You/your family’s contributions to the state budget

• Income tax• Purchases• Renew your driver’s license• Buy gas • Buy a license tag for your car• Pay admission to the state park or museum• Pay a traffic ticket• Pay college tuition

Your benefit every time:

• You attend a school

• Attend a public college or university

• Visit a park or museum

• Ride on any state highway

• The fire department responds to an emergency