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Tuesday, February 9, 2016
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Where does the city get its money?

Where the money comes from

  • The city cannot determine or control how much money it receives from sales taxes or state funding.
  • The only source of significant funding the city can change is its property tax rate.

Did You Know?
  • Property taxes are the primary source of funding for the FY 2010-11 General Fund at 63% (of $84,346,388 total)

  • Almost all property tax dollars are spent on public safety and repaying required debt on items such as the new police headquarters, fire stations and the Riverwalk

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102 North Third Street - Post Office Box 1810
Wilmington, North Carolina 28402-1810
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