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 – ts/court_costs_chart-1Aug2013-civil.pdfhttp:// ts/court_costs_chart-1Aug2013-civil.pdf

STATE REVENUE

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%

COUNTY REVENUE

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)

NC EXPENDITURES

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.

COUNTY EXPENDITURES

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