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Government budget and revenue in Holly Springs, North Carolina: official figures

Holly Springs' city government took in $107.97 million in total revenue in the fiscal year ended 30 June 2024, or $2,350 for each of its 45,945 residents (2024 figure in the finance file); per resident that is the 184th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.

City government revenue per resident
$2,350
2024
City government spending per resident
$2,650
2024
City long-term debt per resident
$2,083
2024

How much does Holly Springs spend and on what?

It spent $121.74 million in the same year, $2,650 per resident, the 285th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were police (15.0%), sewerage (13.0%) and roads and highways (12.3%) of the total.

Source: U.S. Census Bureau · saved copy

How much tax does Holly Springs collect per resident?

Taxes raised $51.03 million ($1,111 per resident, the 273rd highest of 582) in the fiscal year ended 30 June 2024, 56.4% of general revenue, compared with 49.3% for all US city governments combined in 2022.

Source: U.S. Census Bureau · saved copy

What taxes does Holly Springs rely on?

Of Holly Springs' tax revenue in the fiscal year ended 30 June 2024, property tax made up 67.2%, general sales tax 28.4%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Holly Springs' property tax share is the 196th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.

Source: U.S. Census Bureau · saved copy

How much federal and state money does Holly Springs get?

Payments from other governments made up 8.0% of Holly Springs' city government's general revenue in the fiscal year ended 30 June 2024: 0.9% from the federal government ($19 per resident), 1.8% from the state and 5.2% from other local governments. For all US city governments in 2022 the aid share was 24.3%.

Source: U.S. Census Bureau · saved copy

How much does Holly Springs raise from fees and utilities?

Fees and charges for services such as sewerage, trash, parks and airports brought in $24.42 million, 27.0% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $17.44 million.

Source: U.S. Census Bureau · saved copy

How much does Holly Springs spend on police?

Holly Springs' city government spent $18.23 million on police in the fiscal year ended 30 June 2024, $397 per resident (the 221st highest of 582) and 15.0% of its total spending; police took 10.3% of spending across all US city governments in 2022.

Source: U.S. Census Bureau · saved copy

How much does Holly Springs spend on fire protection?

Fire protection cost $6.09 million, $132 per resident, in the fiscal year ended 30 June 2024.

Source: U.S. Census Bureau · saved copy

How much debt does Holly Springs have?

At the end of the fiscal year ended 30 June 2024, Holly Springs' city government owed $95.72 million in long-term debt, $2,083 per resident (the 277th lowest of 582). During the year it issued $13.89 million of new long-term debt and repaid $8.70 million.

Source: U.S. Census Bureau · saved copy

How much does Holly Springs pay in interest on its debt?

Interest on debt cost $3.34 million in the fiscal year ended 30 June 2024, 2.7% of total spending.

Source: U.S. Census Bureau · saved copy

How has the Holly Springs city budget changed?

Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident fell 11.1% from $2,644 to $2,350, spending per resident rose 44.6% to $2,650, taxes per resident fell 1.3% to $1,111.

Source: U.S. Census Bureau · saved copy

How Holly Springs compares with other cities in the United States

City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 300 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2022
297Grand Rapids$2,660
298Stockton$2,650
299Oklahoma City$2,649
300Holly Springs$2,644
301Westminster$2,641
302Commerce City$2,640
303Grand Forks$2,639
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 484 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2022
481Corvallis$1,841
482Pomona$1,840
483Lincoln$1,839
484Holly Springs$1,832
485Porterville$1,829
486Sanford$1,823
487Gardena$1,819
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 268 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2022
265Denton$1,137
266Hawthorne$1,134
267Ann Arbor$1,130
268Holly Springs$1,126
269Fairfield$1,123
270Richland$1,123
271Petaluma$1,119
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 584 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2022
581Medford$231
582Rio Rancho$231
583Columbia$231
584Holly Springs$230
585Sioux Falls$229
586Madera$228
587Pasco$228
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 291 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2022
288Santa Barbara$2,467
289Barnstable Town$2,451
290Brownsville$2,449
291Holly Springs$2,448
292Rogers$2,433
293San Angelo$2,423
294Pittsburg$2,415
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 221 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2022
218Oak Park65.0%
219Davie65.0%
220Wake Forest64.9%
221Holly Springs64.7%
222Cary64.5%
223Miramar64.4%
224Rockville64.4%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Holly Springs ranks 669 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2022
666Palo Alto6.9%
667Richmond6.8%
668Fontana6.8%
669Holly Springs6.8%
670Lake Elsinore6.7%
671San Mateo6.7%
672Garland6.6%
Source: U.S. Census Bureau · saved copy

City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 399 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total revenue per resident, 2024
396Mount Pleasant$2,366
397Sanford$2,363
398Turlock$2,361
399Holly Springs$2,350
400Jersey City$2,339
401Kenosha$2,336
402Albany$2,336
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 298 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity government total spending per resident, 2024
295Oxnard$2,679
296Phoenix$2,671
297Bossier City$2,670
298Holly Springs$2,650
299Homestead$2,642
300Racine$2,642
301Cary$2,639
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 273 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity taxes collected per resident, 2024
270Phoenix$1,113
271Rockville$1,113
272Arlington$1,112
273Holly Springs$1,111
274Omaha$1,105
275Dubuque$1,104
276Scranton$1,102
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 221 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity spending on police per resident, 2024
218Mount Prospect$401
219Arlington Heights$399
220Auburn$397
221Holly Springs$397
222Miramar$397
223Asheville$396
224North Charleston$396
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 306 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityCity long-term debt outstanding per resident, end of fiscal 2024
303Alpharetta$2,109
304Bethlehem$2,096
305Glendale$2,085
306Holly Springs$2,083
307Grand Junction$2,083
308Schenectady$2,078
309Olympia$2,071
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 196 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityProperty tax as a share of city tax revenue, 2024
193West Palm Beach67.4%
194Council Bluffs67.3%
195Cape Coral67.3%
196Holly Springs67.2%
197Norfolk67.1%
198Greensboro67.1%
199Pompano Beach67.0%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Holly Springs ranks 514 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.

RankCityFederal, state and local aid as a share of city general revenue, 2024
511Edina8.1%
512Huntington Beach8.0%
513Aurora8.0%
514Holly Springs8.0%
515Auburn8.0%
516Watsonville7.9%
517Marysville7.9%
Source: U.S. Census Bureau · saved copy

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Sources

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