North Carolina Fiscal Statistics

StatisNostics/State Financials/North Carolina
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20122024
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State Revenue Analysis (North Carolina: 2012–2024)

Population: 9,748,181 → 10,698,973 (9.8% change)

Overall Revenue Trends

Total Revenue▲ 82.2%
$48,276,952,000 (2012)→$87,942,810,000 (2024)
Per Capita Revenue▲ 66%
$4,952 (2012)→$8,220 (2024)
Fund Balances▼ 100%
$18,813,373,000 (2012)→$0 (2024)
Revenue Volatility✓ Low
Avg. fluctuation: 5.9%

Major Tax Revenue

Sales Tax▲ 118.1%
$5,573,658,000 (2012)→$12,157,182,000 (2024)

Utility Revenue

Water Utilities▲ 378.4%
$361,000 (2012)→$1,727,000 (2024)
Solid Waste Charges▼ 53.2%
$607,000 (2012)→$284,000 (2024)

Growth Analysis

Fastest Growing Revenue Sources

Transit Utilities Revenue▲ 31029.6%
$71,000→$22,102,000
Hospital Charges▲ 4956.3%
$57,801,000→$2,922,591,000
Air Transportation Charges▲ 4852.6%
$78,000→$3,863,000

Declining/Slowest Growing Sources

Local Intergovernmental Health & Hospitals▼ 98.0%
$4,447,000→$87,000
Elementary Secondary Education Not Elsewhere Classified Charges▼ 93.0%
$18,703,000→$1,318,000
Local Intergovernmental Education▼ 89.2%
$114,760,000→$12,354,000

Revenue Forecast

Projected Revenue (Next Year)▲ 2.2%
Estimated: $89,908,964,864
Based on 3-year revenue trend

Revenue Composition

2012 Revenue Breakdown

Federal Intergovernmental Public Welfare24.7%
Individual Income Tax21.5%
Total General Sales Taxes11.5%
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%
Unemployment-Federal Advances0.1%
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%

2024 Revenue Breakdown

Federal Intergovernmental Public Welfare24.6%
Individual Income Tax18.9%
Total General Sales Taxes13.8%
Federal Intergovernmental Education4.2%
Hospital Charges3.3%
Motor Fuels Sales Tax2.8%
Federal Intergovernmental Health & Hospitals2.7%
Higher Education Auxiliary Charges2.6%
Higher Education Tuition Charges2.4%
Interest Earnings2.4%
Federal Intergovernmental Highways1.8%
Net Lottery Revenue1.8%
Corporation Net Income Tax1.8%
Other Selective Sales Taxes1.5%
Federal Intergovernmental Other1.5%
Insurance Premium Tax1.4%
Local Intergovernmental Public Welfare1.2%
Motor Vehicle License1.2%
All Other Not Elsewhere Classified Charges1.1%
Donations From Private Sources1.1%
Miscellaneous General Revenue Not Elsewhere Classified1.1%
Corporation License Tax1.0%
Unemployment - Contribution0.8%
Fines & Forfeits0.8%
Alcoholic Beverage Sales Tax0.7%
Occupation & Business License Not Elsewhere Classified0.5%
Federal Intergovernmental Housing & Community Development0.4%
Tobacco Sales Tax0.3%
Regular Highway Charges0.2%
Federal Intergovernmental Employment Security Administration0.2%
Motor Vehicle Operators License0.2%
Federal Intergovernmental Sewerage0.2%
Public Utilities Tax0.1%
Unemployment - Interest Revenue0.1%
Documentary & Stock Transfer Tax0.1%
Local Intergovernmental Highways0.1%
Federal Intergovernmental Other Natural Resources0.1%
Toll Highway Charges0.1%
Housing & Community Development Charges0.1%
Water Transportation & Terminal Charges0.1%
Local Intergovernmental Other0.1%
Natural Resources Not Elsewhere Classified Charges0.1%
Other License Tax0.1%
Hunting & Fishing License0.0%
Parks & Recreation Charges0.0%
Alcoholic Beverage License Tax0.0%
Sale of Property0.0%
Public Utility License Tax0.0%
Transit Utilities Revenue0.0%
Federal Intergovernmental Air Transportation0.0%
Rents0.0%
Local Intergovernmental Education0.0%
Air Transportation Charges0.0%
Education Other State Charges Not Elsewhere Classified0.0%
Severance Tax0.0%
Water Utilities Revenue0.0%
Parking Facilities Charges0.0%
Elementary Secondary Education Not Elsewhere Classified Charges0.0%
Solid Waste Charges0.0%
Amusement License Tax0.0%
Sewerage Charges0.0%
Local Intergovernmental Health & Hospitals0.0%

Key Insights

  1. 1Total revenue increased by 82.2% from 2012 to 2024, representing a significant change in the state's financial position.
  2. 2Utility revenue growth was exceptional, with water up 378.4%, suggesting infrastructure expansion or rate adjustments.
  3. 3Population changed by 9.8%, while per-capita revenue changed by 66.0%.
  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 - 2024)

Total Expenditure Trends

Operating Expenditures▲ 274%
$15,826,839,000→$59,199,108,000
Per Capita Spending▲ 241%
$1,624→$5,533

Population Trends

Population Change▲ 9.8%
9,748,181 (2012)→10,698,973 (2024)
⚠️ Spending growth significantly outpacing population growth

Public Safety Expenses

Police Protection▲ 95%
$279,435,000 (2012)→$544,482,000 (2024)
Fire Protection▼ 0%
$0 (2012)→$0 (2024)

Infrastructure Expenses

Highways Maintenance▲ 47%
$1,146,966,000 (2012)→$1,687,059,000 (2024)
Sewerage Operations▼ 11%
$773,000 (2012)→$691,000 (2024)

Administrative Expenses

Financial Administration▲ 416%
$312,466,000 (2012)→$1,612,527,000 (2024)
General Expenses▲ 153%
$743,173,000 (2012)→$1,876,733,000 (2024)

North Carolina Key Insights

  1. 1Per capita expenditures grew by 241%, indicating substantial service expansion or cost increases not explained by population growth alone
  2. 2General expenses increased dramatically by 153%, which may indicate classification changes, new initiatives, or reporting adjustments
  3. 3Financial Administration was the fastest growing major expense category at 416% increase
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State Debt Analysis (2012-2024)

Debt Trends

Total Long-Term Debt▲ 69%
$7,757,092,000 (2012)→$13,113,128,000 (2024)
Industrial Revenue Debt▼ 100%
$10,351,946,000 (2012)→$0 (2024)
Per Capita Debt▲ 54%
$796 (2012)→$1,226 (2024)

Population Trends

Population Change▲ 9.8%
9,748,181 (2012)→10,698,973 (2024)

Debt Management

Most Recent Year (2024)

Issued:$1,711,367,000
Retired:$1,004,257,000
Net Change:+$707,110,000

Debt Retirement Trend

$691,883,000 → $1,004,257,000▲ 45%

Key Insights

  1. 1The sharp increase in unspecified long-term debt suggests major capital projects or financial restructuring.
  2. 2New debt issuance significantly increased the per-resident debt burden (up 54%).