North Carolina Fiscal Statistics

StatisNostics/State Financials/North Carolina
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20122022
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State Revenue Analysis (North Carolina: 2012–2022)

Population: 9,748,181 → 10,600,823 (8.7% change)

Overall Revenue Trends

Total Revenue▲ 74.9%
$48,245,899,000 (2012)→$84,358,646,000 (2022)
Per Capita Revenue▲ 60.8%
$4,949 (2012)→$7,958 (2022)
Fund Balances▼ 100%
$18,813,373,000 (2012)→$0 (2022)
Revenue Volatility✓ Low
Avg. fluctuation: 6.0%

Major Tax Revenue

Sales Tax▲ 98.1%
$5,573,658,000 (2012)→$11,039,816,000 (2022)

Utility Revenue

Water Utilities▲ 422.2%
$361,000 (2012)→$1,885,000 (2022)
Solid Waste Charges▼ 16.1%
$607,000 (2012)→$509,000 (2022)

Growth Analysis

Fastest Growing Revenue Sources

Hospital Charges▲ 4319.9%
$57,801,000→$2,554,775,000
Toll Highway Charges▲ 2113.5%
$2,960,000→$65,521,000
Air Transportation Charges▲ 1773.1%
$78,000→$1,461,000

Declining/Slowest Growing Sources

Amusement Tax▼ 100.0%
$13,855,000→$6,000
Public Utilities Tax▼ 99.9%
$381,934,000→$295,000
Death & Gift Tax▼ 99.6%
$58,323,000→$213,000

Revenue Forecast

Projected Revenue (Next Year)▲ 17.6%
Estimated: $99,165,762,235
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare24.7%
Individual Income Tax21.5%
Total General Sales Taxes11.6%
Federal Intergovernmental Education6.1%
Motor Fuels Sales Tax3.9%
Higher Education Tuition Charges2.9%
Higher Education Auxiliary Charges2.8%
Corporation Net Income Tax2.5%
Federal Intergovernmental Highways2.4%
Unemployment - Contribution2.1%
Miscellaneous General Revenue Not Elsewhere Classified1.7%
Federal Intergovernmental Other1.7%
Interest Earnings1.4%
Other Selective Sales Taxes1.3%
Motor Vehicle License1.2%
Donations From Private Sources1.2%
Corporation License Tax1.1%
Net Lottery Revenue1.1%
All Other Not Elsewhere Classified Charges1.0%
Insurance Premium Tax1.0%
Federal Intergovernmental Health & Hospitals0.9%
Public Utilities Tax0.8%
Alcoholic Beverage Sales Tax0.7%
Federal Intergovernmental Housing & Community Development0.6%
Tobacco Sales Tax0.6%
Fines & Forfeits0.5%
Occupation & Business License Not Elsewhere Classified0.4%
Motor Vehicle Operators License0.3%
Local Intergovernmental Public Welfare0.2%
Local Intergovernmental Education0.2%
Federal Intergovernmental Other Natural Resources0.2%
Federal Intergovernmental Employment Security Administration0.1%
Death & Gift Tax0.1%
Hospital Charges0.1%
Federal Intergovernmental Transit Utilities0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Local Intergovernmental Other0.1%
Documentary & Stock Transfer Tax0.1%
Water Transportation & Terminal Charges0.1%
Housing & Community Development Charges0.1%
Federal Intergovernmental Air Transportation0.1%
Rents0.1%
Federal Intergovernmental Sewerage0.1%
Federal Intergovernmental Water Utilities0.1%
Local Intergovernmental Highways0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%
Hunting & Fishing License0.0%
Alcoholic Beverage License Tax0.0%
Sale of Property0.0%
Amusement Tax0.0%
Parks & Recreation Charges0.0%
Regular Highway Charges0.0%
Other License Tax0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Local Intergovernmental Health & Hospitals0.0%
Toll Highway Charges0.0%
Parking Facilities Charges0.0%
Severance Tax0.0%
Solid Waste Charges0.0%
Water Utilities Revenue0.0%
Air Transportation Charges0.0%
Transit Utilities Revenue0.0%
Local Intergovernmental Transit Utilities0.0%

2022 Revenue Breakdown

Federal Intergovernmental Public Welfare21.1%
Individual Income Tax20.9%
Total General Sales Taxes13.1%
Federal Intergovernmental Health & Hospitals7.3%
Federal Intergovernmental Education5.2%
Hospital Charges3.0%
Motor Fuels Sales Tax2.6%
Federal Intergovernmental Other2.6%
Miscellaneous General Revenue Not Elsewhere Classified2.4%
Higher Education Tuition Charges2.3%
Higher Education Auxiliary Charges2.3%
Corporation Net Income Tax1.9%
Net Lottery Revenue1.6%
Federal Intergovernmental Highways1.5%
Other Selective Sales Taxes1.5%
Corporation License Tax1.2%
Insurance Premium Tax1.2%
Motor Vehicle License1.2%
All Other Not Elsewhere Classified Charges0.9%
Donations From Private Sources0.9%
Unemployment - Contribution0.7%
Alcoholic Beverage Sales Tax0.7%
Interest Earnings0.6%
Occupation & Business License Not Elsewhere Classified0.5%
Fines & Forfeits0.4%
Tobacco Sales Tax0.3%
Documentary & Stock Transfer Tax0.2%
Regular Highway Charges0.2%
Motor Vehicle Operators License0.1%
Federal Intergovernmental Employment Security Administration0.1%
Housing & Community Development Charges0.1%
Federal Intergovernmental Other Natural Resources0.1%
Local Intergovernmental Public Welfare0.1%
Federal Intergovernmental Housing & Community Development0.1%
Federal Intergovernmental Sewerage0.1%
Water Transportation & Terminal Charges0.1%
Toll Highway Charges0.1%
Sale of Property0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Unemployment - Interest Revenue0.1%
Other License Tax0.1%
Hunting & Fishing License0.1%
Local Intergovernmental Highways0.0%
Parks & Recreation Charges0.0%
Alcoholic Beverage License Tax0.0%
Local Intergovernmental Education0.0%
Local Intergovernmental Other0.0%
Public Utility License Tax0.0%
Federal Intergovernmental Air Transportation0.0%
Water Utilities Revenue0.0%
Severance Tax0.0%
Parking Facilities Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Air Transportation Charges0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%
Transit Utilities Revenue0.0%
Solid Waste Charges0.0%
Public Utilities Tax0.0%
Death & Gift Tax0.0%
Amusement License Tax0.0%
Local Intergovernmental Health & Hospitals0.0%
Amusement Tax0.0%

Key Insights

  1. 1Total revenue increased by 74.9% from 2012 to 2022, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 422.2%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 8.7%, while per-capita revenue changed by 60.8%.
  4. 4The state's fund balances decreased by 100%, suggesting financial challenges or major capital expenditures.
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State Expense Analysis (North Carolina: 2012 - 2022)

Total Expenditure Trends

Operating Expenditures▲ 200%
$15,826,839,000→$47,492,411,000
Per Capita Spending▲ 176%
$1,624→$4,480

Population Trends

Population Change▲ 8.7%
9,748,181 (2012)→10,600,823 (2022)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 136%
$279,435,000 (2012)→$658,424,000 (2022)
Fire Protection▼ 0%
$0 (2012)→$0 (2022)

Infrastructure Expenses

Highways Maintenance▲ 29%
$1,146,966,000 (2012)→$1,479,079,000 (2022)
Sewerage Operations▼ 19%
$773,000 (2012)→$628,000 (2022)

Administrative Expenses

Financial Administration▲ 673%
$312,466,000 (2012)→$2,414,963,000 (2022)
General Expenses▲ 70%
$743,173,000 (2012)→$1,261,236,000 (2022)

North Carolina Key Insights

  1. 1Police protection spending increased by 136%, significantly outpacing population growth of 8.7%
  2. 2Per capita expenditures grew by 176%, indicating substantial service expansion or cost increases not explained by population growth alone
  3. 3Financial Administration was the fastest growing major expense category at 673% increase
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State Debt Analysis (2012-2022)

Debt Trends

Total Long-Term Debt▲ 82%
$7,757,092,000 (2012)→$14,083,536,000 (2022)
Industrial Revenue Debt▼ 100%
$10,351,946,000 (2012)→$0 (2022)
Per Capita Debt▲ 67%
$796 (2012)→$1,329 (2022)

Population Trends

Population Change▲ 8.7%
9,748,181 (2012)→10,600,823 (2022)

Debt Management

Most Recent Year (2022)

Issued:$1,103,192,000
Retired:$2,093,377,000
Net Change:$-990,185,000

Debt Retirement Trend

$691,883,000 → $2,093,377,000▲ 203%
🔄 Significant change in retirement strategy detected

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2There appears to be a significant shift in debt management strategy between 2012-2022, with a move toward higher debt levels.