New Hanover County
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2008-09 Budget Calendar
FY08-09 Budget in Brief
2008-2009 Recommended Budget
2007-08 Adopted Budget
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FY08-09 Budget in Brief

 

Frequently Asked Questions

What is the General Fund?

The General Fund is the principal fund of the county and accounts for the normal reoccurring activities of the county.  It is funded primarily by property and sales taxes.  Debt service payments for general long-term debt are also accounted for in the General Fund.

What are the county's current and past tax rates?

The tax rate, adopted by the Board of Commissioners on June 18, 2007 is .420 cents.       

Fiscal Year

Tax Rate

2007-2008* .420
2006-2007 .685
2005-2006 .680
2004-2005 .680
2003-2004 .680
2002-2003 .690
2001-2002  .690
* Revaluation Year

 

What expenditures and revenues make up the General Fund for fiscal year 2007-2008?

The adopted budget for fiscal year 2007-2008 totals $273,720,975 and is comprised of the following functions (expenditures) and revenue classes (revenue) as shown  below.

BUDGETED EXPENDITURES
General Government Departments $34,532,616
Human Services 70,849,516

Public Safety

46,652,885
Economic & Physical Development 1,356,639
Cultural & Recreational 11,320,566
Education 92,804,062
Other Activities 16,204,691
Total $273,720,975

 

BUDGETED REVENUES
Ad Valorem Taxes $144,280,260
Sales Taxes 55,625,681
Other Taxes 4,278,904
Intergovernmental Revenues 42,917,055
Charges for Services 12,343,131
Other Revenues 9,466,528
Appropriated Fund Balance 4,809,416
Total $273,720,975

 

 


 

 

 

 

 
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