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Nash County – Government Finance

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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:

8,625.41

The expenses per resident at the local level is:

8,705.89

The outstanding debt per resident at the local level is:

2,103.35

 
NashNorth 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

Revenue836,6138,625.41100.0021,7982,827.24100.003.051.0064,111,5155,934.66100.001.451.000.481.00

  General revenue699,8047,214.9283.6521,4322,779.7798.322.600.8557,832,2325,353.4090.211.350.930.521.09

    Intergovernmental revenue210,5032,170.2725.167,663993.9035.152.180.7222,350,9012,068.9734.861.050.720.481.01
      From Federal government14,092145.291.681,677217.517.690.670.223,949,586365.606.160.400.270.591.25
      From State government196,4112,024.9823.485,986776.3927.462.610.8518,401,3151,703.3728.701.190.820.460.96
      From local government00.000.0000.130.000.000.0000.000.000.000.000.000.00

    General revenue from own sources489,3015,044.6558.4913,7691,785.8663.172.820.9335,481,3313,284.4355.341.541.060.541.14
      Taxes140,2301,445.7616.769,0861,178.4741.681.230.4018,271,4951,691.3528.500.850.590.701.46
        Property93,117960.0311.138,5961,114.9239.430.860.2812,507,0791,157.7519.510.830.570.962.02
        Sales & gross receipts44,787461.755.3500.130.003,560.091,166.935,060,019468.397.890.990.680.000.00
          General sales42,322436.345.0600.130.003,364.151,102.704,485,444415.217.001.050.720.000.00
          Selective sales2,46525.410.2900.130.00195.9464.23574,57553.190.900.480.330.000.00
            Motor fuel sales00.000.0000.130.000.000.0000.000.000.000.000.000.00
            Alcoholic beverage sales1,38014.230.1600.130.00109.7035.96134,34112.440.211.140.790.000.00
            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 sales1,08511.190.1300.130.0086.2528.27440,23440.750.690.270.190.000.00
        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 license1,21812.560.1541353.571.890.230.08116,90810.820.181.160.804.9510.39
        Other taxes1,10811.420.13779.990.351.140.37587,48954.380.920.210.140.180.39

      Charges & misc general revenue349,0713,598.8941.724,683607.3921.485.931.9417,209,8361,593.0826.842.261.550.380.80
        Current charges336,3713,467.9640.214,215546.6919.346.342.0814,948,9981,383.7923.322.511.720.400.83
          Education4,13842.660.4928036.321.281.170.39386,96135.820.601.190.821.012.13
            Institution of higher education3,81939.370.4600.130.00303.5799.50257,06723.800.401.651.140.000.00
            School lunch sales (gross)2262.330.03222.850.100.820.2741,7193.860.070.600.420.741.55
          Hospitals289,8512,988.3434.6500.130.0023,040.107,552.0810,037,795929.1815.663.222.210.000.00
          Highways00.000.0000.130.000.000.003,4480.320.010.000.000.000.00
          Air transportation (airports)00.000.00729.340.330.000.00599,21555.470.930.000.000.170.35
          Parking facilities981.010.0100.130.007.792.5553,9024.990.080.200.140.000.00
          Sea and inland port facilities00.000.0000.130.000.000.0000.000.000.000.000.000.00
          Natural resources4014.130.0500.130.0031.8810.4520,1821.870.032.211.520.000.00
          Parks and recreation1,96320.240.23121.560.0613.004.26251,33923.270.390.870.600.070.14
          Housing and comm development00.000.0000.130.000.000.00110,31710.210.170.000.000.000.00
          Sewerage21,147218.022.53806104.543.702.090.681,899,076175.792.961.240.850.591.25
          Solid waste management12,372127.551.483,039394.1613.940.320.11720,10266.661.121.911.325.9112.41
          Other charges6,40165.990.7760.780.0384.8027.80866,66180.221.350.820.570.010.02

        Miscellaneous general revenue12,700130.941.5246860.702.152.160.712,260,838209.283.530.630.430.290.61
          Interest earnings7747.980.0914318.550.660.430.14152,41914.110.240.570.391.312.76
          Special assessments440.450.01455.840.210.080.0317,0081.570.030.290.203.717.78
          Sale of property2,04021.030.24607.780.282.700.89114,29410.580.181.991.370.741.54
          Other general revenue9,842101.471.1822028.531.013.561.171,977,117183.023.080.550.380.160.33

  Utility revenue122,5791,263.7814.6536647.471.6826.628.734,997,179462.587.792.731.880.100.22
    Water supply18,683192.622.2336647.471.684.061.331,913,317177.112.981.090.750.270.56
    Electric power77,429798.299.2600.130.006,154.792,017.422,885,932267.144.502.992.060.000.00
    Gas supply24,170249.192.8900.130.001,921.26629.75154,72414.320.2417.4011.970.000.00
    Transit2,29723.680.2700.130.00182.5959.8543,2064.000.075.924.070.000.00

  Liquor store revenue14,230146.711.7000.130.001,131.13370.761,282,104118.682.001.240.850.000.00

  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

Expenditure844,4198,705.89100.0029,6103,840.47100.002.271.0062,722,8515,806.11100.001.501.000.661.00

  Intergovernmental expenditure00.000.0000.130.000.000.0000.000.000.000.000.000.00
  Direct expenditure844,4198,705.89100.0029,6103,840.47100.002.271.0062,722,8515,806.11100.001.501.000.661.00
    Current operation790,3808,148.7593.6017,6622,290.7959.653.561.5753,847,0114,984.5085.851.631.090.460.69
    Capital outlay44,001453.655.2111,0381,431.6537.280.320.147,267,518672.7411.590.670.452.133.22
      Construction44,001453.655.2111,0381,431.6537.280.320.147,267,518672.7411.590.670.452.133.22
    Assistance and subsidies7918.160.0900.130.0062.8827.74144,03613.330.230.610.410.000.00
    Interest on debt9,24795.341.10910118.033.070.810.361,464,286135.552.330.700.470.871.32
    Insurance benefits and repayments00.000.0000.130.000.000.0000.000.000.000.000.000.00
    Exhibit: salaries & wages232,4132,396.1627.527,9031,025.0326.692.341.0311,963,0181,107.3919.072.161.440.931.40

  Direct expenditure by function844,4198,705.89100.0029,6103,840.47100.002.271.0062,722,8515,806.11100.001.501.000.661.00
    Direct general expenditure700,4137,221.2082.9528,5443,702.2096.401.950.8656,028,7025,186.4589.331.390.930.711.08
      Capital outlay34,353354.184.0710,4581,356.4235.320.260.126,113,334565.909.750.630.422.403.62


Education services:
      Other direct general expenditure666,0606,867.0278.8818,0862,345.7861.082.931.2949,915,3684,620.5579.581.490.990.510.77
      Education202,7042,089.8624.0118,3642,381.8462.020.880.3921,177,5191,960.3533.761.070.711.221.84
          Capital outlay4,13442.620.4910,1521,316.7334.290.030.011,950,260180.533.110.240.167.2911.03
        Higher education24,512252.722.9000.130.001,948.45859.532,231,472206.563.561.220.820.000.00
          Capital outlay7928.170.0900.130.0062.9627.77330,41130.590.530.270.180.000.00
        Elementary & Secondary education177,4011,828.9921.0118,3642,381.8462.020.770.3418,802,0111,740.4629.981.050.701.372.07
          Capital outlay3,34234.460.4010,1521,316.7334.290.030.011,619,849149.952.580.230.158.7813.28
        Other education7918.160.0900.130.0062.8827.74144,03613.330.230.610.410.000.00
      Libraries3,55036.600.42719.210.243.971.75289,82226.830.461.360.910.340.52


Social services and income maintenance:
      Public welfare17,357178.952.0600.130.001,379.70608.631,939,534179.543.091.000.660.000.00
        Other public welfare17,357178.952.0600.130.001,379.70608.631,939,534179.543.091.000.660.000.00
      Hospitals295,4953,046.5334.9981.040.032,936.091,295.2110,497,061971.6916.743.142.090.000.00
        Capital outlay13,030134.341.5400.130.001,035.75456.90826,52276.511.321.761.170.000.00
      Health16,056165.541.9057975.101.962.200.974,194,344388.266.690.430.280.190.29
      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:
      Highways4,88250.330.5860278.082.030.640.28733,88267.931.170.740.491.151.74
        Capital outlay98910.200.1200.130.0078.6234.68296,36827.430.470.370.250.000.00
      Air transportation (airports)480.490.0115820.490.530.020.01797,02273.781.270.010.000.280.42
      Parking facilities00.000.0000.130.000.000.0067,3836.240.110.000.000.000.00
      Sea and inland port facilities00.000.0000.130.000.000.0000.000.000.000.000.000.00

Public safety:
      Police protection34,192352.524.051,597207.135.391.700.753,313,854306.765.281.150.770.681.02
      Fire protection18,681192.602.2113116.990.4411.345.001,379,966127.742.201.511.010.130.20
      Correction12,037124.101.4372794.292.461.320.58674,67062.451.081.991.331.512.28
        Capital outlay7,52977.620.8900.130.00598.48264.0136,7583.400.0622.8115.210.000.00
      Protective inspection & regulation2,45025.260.2900.130.00194.7585.91144,04313.330.231.891.260.000.00

Environment and housing:
      Natural resources2,69227.750.3223830.870.800.900.40210,56819.490.341.420.951.582.39
        Capital outlay4985.130.068811.410.300.450.2037,4143.460.061.480.993.304.98
      Parks and recreation13,840142.691.6400.130.001,100.13485.311,232,047114.051.961.250.830.000.00
        Capital outlay2,29423.650.2700.130.00182.3580.44343,94431.840.550.740.500.000.00
      Housing and comm development10,120104.341.2000.130.00804.43354.861,825,874169.022.910.620.410.000.00
      Sewerage20,682213.232.4500.130.001,644.00725.231,709,529158.252.731.350.900.000.00
        Capital outlay1,34413.860.1600.130.00106.8347.13806,70374.671.290.190.120.000.00
      Solid waste management12,826132.231.522,827366.679.550.360.16928,85385.981.481.541.034.266.45
        Capital outlay8078.320.108911.540.300.720.3269,4136.430.111.290.861.802.72

Governmental administration:
      Financial administration4,65547.990.5545258.631.530.820.36563,15752.130.900.920.611.121.70
      Judicial and legal1,02510.570.1245759.271.540.180.08172,85616.000.280.660.443.705.60
      General public buildings1,94220.020.2322529.180.760.690.30576,25653.340.920.380.250.550.83
      Other governmental administration5,30254.660.63859111.412.900.490.22794,09373.511.270.740.501.522.29
      Interest on general debt8,74290.131.04910118.033.070.760.341,282,705118.742.050.760.510.991.50

General expenditures, n.e.c.:
      Misc commercial activities1141.180.0160.780.021.510.6715,3111.420.020.830.550.550.83
      Other and unallocable11,021113.631.3133343.191.122.631.161,508,353139.622.400.810.540.310.47

Utility expenditures:
    Utility expenditure132,2611,363.6015.661,066138.263.609.864.355,632,063521.358.982.621.740.270.40
        Capital outlay9,64899.471.1458075.231.961.320.581,154,184106.841.840.930.620.701.06
      Water supply16,418169.271.941,066138.263.601.220.542,026,286187.573.230.900.600.741.11
      Electric power78,442808.739.2900.130.006,235.312,750.612,541,405235.254.053.442.290.000.00
      Gas supply25,710265.073.0400.130.002,043.67901.53131,06112.130.2121.8514.570.000.00
      Transit11,691120.531.3800.130.00929.31409.95933,31186.391.491.400.930.000.00

Liquor store expenditures:
    Liquor store expenditure11,745121.091.3900.130.00933.60411.841,062,08698.311.691.230.820.000.00

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 outstanding204,0122,103.35100.0027,5063,567.57100.000.591.0031,805,4102,944.15100.000.711.001.211.00

  Short-term debt outstanding00.000.0000.130.000.000.0011,4751.060.040.000.000.000.00
  Long-term debt outstanding204,0122,103.35100.0027,5063,567.57100.000.591.0031,793,9352,943.0999.960.711.001.211.00

Long-term debt issued107,665NANA0NANANANA4,470,821NANANANANANA
Long-term debt retired104,032NANA2,348NANANANA4,012,492NANANANANANA


Sources: STI: PopStats and STI: Colossus