Ersys Logo Ersys Name
Cumberland County – Government Finance

Picture of valves

Government finances play a pivotal role in shaping the local economy, influencing economic growth, stability, and the overall well-being of communities. The impact of government finances on the local economy can be analyzed through several key mechanisms, including public spending, taxation, debt management, and fiscal policies. These elements collectively determine the flow of resources, the level of economic activity, and the quality of life for residents.

  1. Public Spending and Investment One of the most direct ways government finances affect the local economy is through public spending. Governments allocate funds to infrastructure projects, education, healthcare, public safety, and social services. These investments create jobs, stimulate demand for goods and services, and enhance the productivity of the local workforce. For instance, building roads, bridges, and public transportation systems not only provides immediate employment opportunities but also improves connectivity, reducing transportation costs for businesses and facilitating trade. Similarly, investments in education and healthcare contribute to a skilled and healthy workforce, which is essential for long-term economic growth.

  2. Taxation Policies Taxation is another critical component of government finances that impacts the local economy. Taxes fund public services and infrastructure, but they also influence the behavior of individuals and businesses. High tax rates can discourage investment and consumption, potentially stifling economic growth. Conversely, low tax rates may attract businesses and stimulate spending but can lead to budget deficits if not managed properly. Progressive taxation, where higher-income individuals pay a larger share, can reduce income inequality and increase disposable income for lower-income households, boosting local demand for goods and services.

  3. Debt Management Government borrowing and debt management also have significant implications for the local economy. When governments borrow to finance deficits or invest in long-term projects, they can stimulate economic activity in the short term. However, excessive debt can lead to higher interest rates, crowding out private investment, and increasing the risk of financial instability. Effective debt management ensures that borrowing is sustainable and that funds are used efficiently to generate economic returns.

  4. Fiscal Policies Fiscal policies, including government spending and taxation, are tools used to manage economic cycles. During economic downturns, expansionary fiscal policies, such as increased spending and tax cuts, can stimulate demand and help the economy recover. Conversely, during periods of high inflation, contractionary fiscal policies, such as reduced spending and higher taxes, can help cool down the economy. The timing and effectiveness of these policies are crucial in stabilizing the local economy and maintaining public confidence.

  5. Social and Economic Equity Government finances also play a role in promoting social and economic equity. Redistributive policies, such as social welfare programs and subsidies, can reduce poverty and inequality, leading to a more inclusive economy. By providing a safety net for vulnerable populations, governments can ensure that all residents have access to basic needs, which in turn supports overall economic stability and growth.

  6. Conclusion In summary, government finances have a profound impact on the local economy through public spending, taxation, debt management, and fiscal policies. Effective management of these financial tools can stimulate economic growth, reduce inequality, and enhance the quality of life for residents. Conversely, poor financial management can lead to economic instability, reduced investment, and social unrest. Therefore, it is essential for governments to adopt prudent fiscal policies and ensure that financial resources are allocated efficiently and equitably to support sustainable economic development.

A key indicator for comparison is how much government collects, spends and and establishes debt for each resident under its perview.

The revenue per resident at the local level is:

6,224.64

The expenses per resident at the local level is:

6,352.58

The outstanding debt per resident at the local level is:

2,357.44

 
CumberlandNorth CarolinaNational



LocalLocalLocalLocalStateState
PerContri-PerContri-PerContri-
LocalPer CentStatePer CentCapitabutionNationalPer CentCapitabutionCapitabution
Description(,000's)Per Capitato Total(,000's)Per Capitato TotalIndexIndex(,000's)Per Capitato TotalIndexIndexIndexIndex

Revenue2,115,3126,224.64100.0021,7982,827.24100.002.201.0064,111,5155,934.66100.001.051.000.481.00

  General revenue1,486,0524,372.9470.2521,4322,779.7798.321.570.7157,832,2325,353.4090.210.820.780.521.09

    Intergovernmental revenue795,1322,339.8037.597,663993.9035.152.351.0722,350,9012,068.9734.861.131.080.481.01
      From Federal government151,347445.367.151,677217.517.692.050.933,949,586365.606.161.221.160.591.25
      From State government643,7851,894.4430.435,986776.3927.462.441.1118,401,3151,703.3728.701.111.060.460.96
      From local government00.000.0000.130.000.000.0000.000.000.000.000.000.00

    General revenue from own sources690,9202,033.1432.6613,7691,785.8663.171.140.5235,481,3313,284.4355.340.620.590.541.14
      Taxes486,3841,431.2622.999,0861,178.4741.681.210.5518,271,4951,691.3528.500.850.810.701.46
        Property303,610893.4214.358,5961,114.9239.430.800.3612,507,0791,157.7519.510.770.740.962.02
        Sales & gross receipts157,292462.867.4400.130.003,568.621,620.875,060,019468.397.890.990.940.000.00
          General sales140,178412.506.6300.130.003,180.341,444.524,485,444415.217.000.990.950.000.00
          Selective sales17,11450.360.8100.130.00388.28176.36574,57553.190.900.950.900.000.00
            Motor fuel sales00.000.0000.130.000.000.0000.000.000.000.000.000.00
            Alcoholic beverage sales6,20418.260.2900.130.00140.7663.93134,34112.440.211.471.400.000.00
            Tobacco product sales00.000.0000.130.000.000.0000.000.000.000.000.000.00
            Public utilities00.000.0000.130.000.000.0000.000.000.000.000.000.00
            Other selective sales10,91032.100.5200.130.00247.52112.43440,23440.750.690.790.750.000.00
        Individual income tax00.000.0000.130.000.000.0000.000.000.000.000.000.00
        Corporate income tax00.000.0000.130.000.000.0000.000.000.000.000.000.00
        Motor vehicle license3,1209.180.1541353.571.890.170.08116,90810.820.180.850.814.9510.39
        Other taxes22,36265.801.06779.990.356.592.99587,48954.380.921.211.150.180.39

      Charges & misc general revenue204,536601.889.674,683607.3921.480.990.4517,209,8361,593.0826.840.380.360.380.80
        Current charges163,558481.307.734,215546.6919.340.880.4014,948,9981,383.7923.320.350.330.400.83
          Education18,52454.510.8828036.321.281.500.68386,96135.820.601.521.451.012.13
            Institution of higher education14,95744.010.7100.130.00339.34154.13257,06723.800.401.851.760.000.00
            School lunch sales (gross)4351.280.02222.850.100.450.2041,7193.860.070.330.320.741.55
          Hospitals00.000.0000.130.000.000.0010,037,795929.1815.660.000.000.000.00
          Highways00.000.0000.130.000.000.003,4480.320.010.000.000.000.00
          Air transportation (airports)5,37515.820.25729.340.331.690.77599,21555.470.930.290.270.170.35
          Parking facilities5621.650.0300.130.0012.755.7953,9024.990.080.330.320.000.00
          Sea and inland port facilities00.000.0000.130.000.000.0000.000.000.000.000.000.00
          Natural resources00.000.0000.130.000.000.0020,1821.870.030.000.000.000.00
          Parks and recreation8822.600.04121.560.061.670.76251,33923.270.390.110.110.070.14
          Housing and comm development1,0132.980.0500.130.0022.9810.44110,31710.210.170.290.280.000.00
          Sewerage110,877326.275.24806104.543.703.121.421,899,076175.792.961.861.770.591.25
          Solid waste management4,22912.440.203,039394.1613.940.030.01720,10266.661.120.190.185.9112.41
          Other charges22,09665.021.0460.780.0383.5537.95866,66180.221.350.810.770.010.02

        Miscellaneous general revenue40,978120.581.9446860.702.151.990.902,260,838209.283.530.580.550.290.61
          Interest earnings5,71216.810.2714318.550.660.910.41152,41914.110.241.191.141.312.76
          Special assessments1,6444.840.08455.840.210.830.3817,0081.570.033.072.933.717.78
          Sale of property4,60713.560.22607.780.281.740.79114,29410.580.181.281.220.741.54
          Other general revenue29,01585.381.3722028.531.012.991.361,977,117183.023.080.470.440.160.33

  Utility revenue585,6021,723.2327.6836647.471.6836.3016.494,997,179462.587.793.733.550.100.22
    Water supply130,385383.686.1636647.471.688.083.671,913,317177.112.982.172.070.270.56
    Electric power454,9301,338.7021.5100.130.0010,321.404,687.992,885,932267.144.505.014.780.000.00
    Gas supply00.000.0000.130.000.000.00154,72414.320.240.000.000.000.00
    Transit2870.840.0100.130.006.512.9643,2064.000.070.210.200.000.00

  Liquor store revenue43,658128.472.0600.130.00990.51449.891,282,104118.682.001.081.030.000.00

  Insurance trust revenue00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Unemployment compensation00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Employee retirement00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Workers' compensation00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Other insurance trust revenue00.000.0000.130.000.000.0000.000.000.000.000.000.00

Expenditure2,158,7906,352.58100.0029,6103,840.47100.001.651.0062,722,8515,806.11100.001.091.000.661.00

  Intergovernmental expenditure00.000.0000.130.000.000.0000.000.000.000.000.000.00
  Direct expenditure2,158,7906,352.58100.0029,6103,840.47100.001.651.0062,722,8515,806.11100.001.091.000.661.00
    Current operation1,827,4905,377.6884.6517,6622,290.7959.652.351.4253,847,0114,984.5085.851.080.990.460.69
    Capital outlay302,794891.0214.0311,0381,431.6537.280.620.387,267,518672.7411.591.321.212.133.22
      Construction302,794891.0214.0311,0381,431.6537.280.620.387,267,518672.7411.591.321.212.133.22
    Assistance and subsidies4,92714.500.2300.130.00111.7867.58144,03613.330.231.090.990.000.00
    Interest on debt23,57969.381.09910118.033.070.590.361,464,286135.552.330.510.470.871.32
    Insurance benefits and repayments00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages425,3641,251.7019.707,9031,025.0326.691.220.7411,963,0181,107.3919.071.131.030.931.40

  Direct expenditure by function2,158,7906,352.58100.0029,6103,840.47100.001.651.0062,722,8515,806.11100.001.091.000.661.00
    Direct general expenditure1,445,9694,254.9966.9828,5443,702.2096.401.150.6956,028,7025,186.4589.330.820.750.711.08
      Capital outlay153,786452.547.1210,4581,356.4235.320.330.206,113,334565.909.750.800.732.403.62


Education services:
      Other direct general expenditure1,292,1833,802.4559.8618,0862,345.7861.081.620.9849,915,3684,620.5579.580.820.750.510.77
      Education760,4612,237.7835.2318,3642,381.8462.020.940.5721,177,5191,960.3533.761.141.041.221.84
          Capital outlay41,943123.421.9410,1521,316.7334.290.090.061,950,260180.533.110.680.627.2911.03
        Higher education124,718367.005.7800.130.002,829.591,710.632,231,472206.563.561.781.620.000.00
          Capital outlay19,21356.540.8900.130.00435.90263.53330,41130.590.531.851.690.000.00
        Elementary & Secondary education630,8161,856.2729.2218,3642,381.8462.020.780.4718,802,0111,740.4629.981.070.971.372.07
          Capital outlay22,73066.891.0510,1521,316.7334.290.050.031,619,849149.952.580.450.418.7813.28
        Other education4,92714.500.2300.130.00111.7867.58144,03613.330.231.090.990.000.00
      Libraries10,11629.770.47719.210.243.231.95289,82226.830.461.111.010.340.52


Social services and income maintenance:
      Public welfare63,600187.152.9500.130.001,442.95872.341,939,534179.543.091.040.950.000.00
        Other public welfare63,600187.152.9500.130.001,442.95872.341,939,534179.543.091.040.950.000.00
      Hospitals00.000.0081.040.030.000.0010,497,061971.6916.740.000.000.000.00
        Capital outlay00.000.0000.130.000.000.00826,52276.511.320.000.000.000.00
      Health28,56084.041.3257975.101.961.120.684,194,344388.266.690.220.200.190.29
      Social insurance administration00.000.0000.130.000.000.0000.000.000.000.000.000.00
      Veterans' services00.000.0000.130.000.000.0000.000.000.000.000.000.00

Transportaion:
      Highways10,22130.080.4760278.082.030.390.23733,88267.931.170.440.401.151.74
        Capital outlay4,27612.580.2000.130.0097.0158.65296,36827.430.470.460.420.000.00
      Air transportation (airports)19,76158.150.9215820.490.532.841.72797,02273.781.270.790.720.280.42
      Parking facilities1,0413.060.0500.130.0023.6214.2867,3836.240.110.490.450.000.00
      Sea and inland port facilities00.000.0000.130.000.000.0000.000.000.000.000.000.00

Public safety:
      Police protection118,098347.525.471,597207.135.391.681.013,313,854306.765.281.131.040.681.02
      Fire protection46,374136.462.1513116.990.448.034.861,379,966127.742.201.070.980.130.20
      Correction15,81746.540.7372794.292.460.490.30674,67062.451.080.750.681.512.28
        Capital outlay420.120.0000.130.000.950.5836,7583.400.060.040.030.000.00
      Protective inspection & regulation5,08514.960.2400.130.00115.3769.75144,04313.330.231.121.030.000.00

Environment and housing:
      Natural resources9,78028.780.4523830.870.800.930.56210,56819.490.341.481.351.582.39
        Capital outlay1,3533.980.068811.410.300.350.2137,4143.460.061.151.053.304.98
      Parks and recreation32,57195.851.5100.130.00738.97446.741,232,047114.051.960.840.770.000.00
        Capital outlay6,90520.320.3200.130.00156.6694.71343,94431.840.550.640.580.000.00
      Housing and comm development44,641131.362.0700.130.001,012.81612.301,825,874169.022.910.780.710.000.00
      Sewerage151,806446.717.0300.130.003,444.162,082.171,709,529158.252.732.822.580.000.00
        Capital outlay57,120168.082.6500.130.001,295.93783.46806,70374.671.292.252.060.000.00
      Solid waste management13,43139.520.622,827366.679.550.110.07928,85385.981.480.460.424.266.45
        Capital outlay1,2953.810.068911.540.300.330.2069,4136.430.110.590.541.802.72

Governmental administration:
      Financial administration13,72640.390.6445258.631.530.690.42563,15752.130.900.770.711.121.70
      Judicial and legal2,7948.220.1345759.271.540.140.08172,85616.000.280.510.473.705.60
      General public buildings7,29621.470.3422529.180.760.740.44576,25653.340.920.400.370.550.83
      Other governmental administration29,68887.361.38859111.412.900.780.47794,09373.511.271.191.091.522.29
      Interest on general debt21,84664.291.01910118.033.070.540.331,282,705118.742.050.540.490.991.50

General expenditures, n.e.c.:
      Misc commercial activities20.010.0060.780.020.010.0015,3111.420.020.000.000.550.83
      Other and unallocable39,254115.511.8233343.191.122.671.621,508,353139.622.400.830.760.310.47

Utility expenditures:
    Utility expenditure677,4341,993.4631.381,066138.263.6014.428.725,632,063521.358.983.823.490.270.40
        Capital outlay149,008438.486.9058075.231.965.833.521,154,184106.841.844.103.750.701.06
      Water supply143,241421.516.641,066138.263.603.051.842,026,286187.573.232.252.050.741.11
      Electric power514,1621,513.0023.8200.130.0011,665.257,052.252,541,405235.254.056.435.880.000.00
      Gas supply00.000.0000.130.000.000.00131,06112.130.210.000.000.000.00
      Transit20,03158.940.9300.130.00454.46274.75933,31186.391.490.680.620.000.00

Liquor store expenditures:
    Liquor store expenditure35,387104.131.6400.130.00802.86485.371,062,08698.311.691.060.970.000.00

Insurance trust expenditures:
    Insurance trust expenditure00.000.0000.130.000.000.0000.000.000.000.000.000.00
      Unemployment compensation00.000.0000.130.000.000.0000.000.000.000.000.000.00
      Employee retirement00.000.0000.130.000.000.0000.000.000.000.000.000.00
      Workers' compensation00.000.0000.130.000.000.0000.000.000.000.000.000.00
      Other insurance trust00.000.0000.130.000.000.0000.000.000.000.000.000.00

Debt outstanding801,1252,357.44100.0027,5063,567.57100.000.661.0031,805,4102,944.15100.000.801.001.211.00

  Short-term debt outstanding00.000.0000.130.000.000.0011,4751.060.040.000.000.000.00
  Long-term debt outstanding801,1252,357.44100.0027,5063,567.57100.000.661.0031,793,9352,943.0999.960.801.001.211.00

Long-term debt issued92,901NANA0NANANANA4,470,821NANANANANANA
Long-term debt retired36,040NANA2,348NANANANA4,012,492NANANANANANA


Sources: STI: PopStats and STI: Colossus