{"county":"Cabarrus County","type":"Annual finances","summary":{"headline":"FY2025: $651.9M in revenues, $525.9M spent.","detail":"General-fund balance available 64.3% of spending (state average 47.7%); tax rate $0.576 per $100 (state average $0.554); general-obligation debt $6.3M, $25 per resident. Source: the county's Annual Financial Information Report to the State Treasurer."},"records":[{"id":1906690,"fiscal_year":2025,"population":246683,"revenues_total":651869384,"revenue_property_tax":286749327,"revenue_sales_tax":84172304,"revenue_other_taxes":6239134,"revenue_sales_services":22212221,"revenue_intergovernmental":64139351,"revenue_debt_proceeds":162227693,"revenue_other":26129354,"expenditures_total":525934023,"spend_education":160172032,"spend_public_safety":98704068,"spend_human_services":80324695,"spend_general_government":103785579,"spend_debt_service":53051459,"spend_other":29896190,"spend_salaries":94083443,"spend_capital":88851004,"gf_revenues":442510986,"gf_expenditures":377874442,"fund_balance_available":265148160,"fund_balance_pct":64.3,"fund_balance_pct_state":47.7,"cash_investments":397945209,"assessed_valuation":47063236955,"revaluation_year":2024,"tax_rate":0.576,"tax_rate_state":0.5538,"collection_pct":99.3,"tax_uncollected":1850921,"go_debt_total":6265000,"go_debt_per_capita":25.0,"debt_installment_total":637181934,"debt_authorized_unissued":null,"rating_moodys":"Aaa","rating_sp":"AAA","rating_fitch":"AAA","source_url":"https://www.nctreasurer.gov/divisions/state-and-local-government-finance/lgc/local-fiscal-management/afir"},{"id":1906691,"fiscal_year":2024,"population":242880,"revenues_total":515544874,"revenue_property_tax":248330699,"revenue_sales_tax":78840133,"revenue_other_taxes":5542776,"revenue_sales_services":20495280,"revenue_intergovernmental":69046559,"revenue_debt_proceeds":70892191,"revenue_other":22397236,"expenditures_total":483981613,"spend_education":148592442,"spend_public_safety":108944014,"spend_human_services":60944580,"spend_general_government":45075546,"spend_debt_service":53966548,"spend_other":66458483,"spend_salaries":80172985,"spend_capital":81494769,"gf_revenues":406129775,"gf_expenditures":346961190,"fund_balance_available":199492691,"fund_balance_pct":53.7,"fund_balance_pct_state":47.6,"cash_investments":342951378,"assessed_valuation":32387274806,"revaluation_year":2020,"tax_rate":0.74,"tax_rate_state":0.5777,"collection_pct":99.4,"tax_uncollected":1348684,"go_debt_total":12520000,"go_debt_per_capita":52.0,"debt_installment_total":289939918,"debt_authorized_unissued":null,"rating_moodys":"Aaa","rating_sp":"AAA","rating_fitch":"AAA","source_url":"https://www.nctreasurer.gov/divisions/state-and-local-government-finance/lgc/local-fiscal-management/afir"},{"id":1906692,"fiscal_year":2023,"population":238599,"revenues_total":426216572,"revenue_property_tax":238841010,"revenue_sales_tax":78357960,"revenue_other_taxes":5205082,"revenue_sales_services":19228017,"revenue_intergovernmental":54818815,"revenue_debt_proceeds":17313527,"revenue_other":12452161,"expenditures_total":389348919,"spend_education":140392188,"spend_public_safety":71776457,"spend_human_services":59391097,"spend_general_government":34785539,"spend_debt_service":60267623,"spend_other":22736015,"spend_salaries":69701079,"spend_capital":7283177,"gf_revenues":377792570,"gf_expenditures":322009529,"fund_balance_available":165630827,"fund_balance_pct":46.2,"fund_balance_pct_state":47.7,"cash_investments":313853628,"assessed_valuation":30635907974,"revaluation_year":2020,"tax_rate":0.74,"tax_rate_state":0.6257,"collection_pct":99.3,"tax_uncollected":1545982,"go_debt_total":19140000,"go_debt_per_capita":80.0,"debt_installment_total":317517768,"debt_authorized_unissued":null,"rating_moodys":"Aaa","rating_sp":"AA+","rating_fitch":"AAA","source_url":"https://www.nctreasurer.gov/divisions/state-and-local-government-finance/lgc/local-fiscal-management/afir"},{"id":1906693,"fiscal_year":2022,"population":231230,"revenues_total":463482279,"revenue_property_tax":230127378,"revenue_sales_tax":72616470,"revenue_other_taxes":6202821,"revenue_sales_services":17169137,"revenue_intergovernmental":66752764,"revenue_debt_proceeds":70050346,"revenue_other":563363,"expenditures_total":418390884,"spend_education":121159857,"spend_public_safety":106994085,"spend_human_services":67382407,"spend_general_government":49243279,"spend_debt_service":46378081,"spend_other":27233175,"spend_salaries":68285747,"spend_capital":27310695,"gf_revenues":351072163,"gf_expenditures":282104959,"fund_balance_available":147138443,"fund_balance_pct":41.0,"fund_balance_pct_state":44.7,"cash_investments":282386557,"assessed_valuation":29803342743,"revaluation_year":2020,"tax_rate":0.74,"tax_rate_state":0.6272,"collection_pct":99.4,"tax_uncollected":1377852,"go_debt_total":25735000,"go_debt_per_capita":111.0,"debt_installment_total":341425429,"debt_authorized_unissued":null,"rating_moodys":"Aaa","rating_sp":"AA+","rating_fitch":"AAA","source_url":"https://www.nctreasurer.gov/divisions/state-and-local-government-finance/lgc/local-fiscal-management/afir"},{"id":1906694,"fiscal_year":2021,"population":227304,"revenues_total":399058481,"revenue_property_tax":221568321,"revenue_sales_tax":62507935,"revenue_other_taxes":4521359,"revenue_sales_services":18582213,"revenue_intergovernmental":40760984,"revenue_debt_proceeds":49037613,"revenue_other":2080056,"expenditures_total":362778378,"spend_education":127291334,"spend_public_safety":80072422,"spend_human_services":49518886,"spend_general_government":29670605,"spend_debt_service":48611636,"spend_other":27613495,"spend_salaries":59413577,"spend_capital":35565166,"gf_revenues":329104191,"gf_expenditures":272148232,"fund_balance_available":100264563,"fund_balance_pct":32.4,"fund_balance_pct_state":43.4,"cash_investments":210681306,"assessed_valuation":28623508536,"revaluation_year":2020,"tax_rate":0.74,"tax_rate_state":0.6391,"collection_pct":99.1,"tax_uncollected":1977056,"go_debt_total":32240000,"go_debt_per_capita":142.0,"debt_installment_total":301395783,"debt_authorized_unissued":20000000,"rating_moodys":"Aa1","rating_sp":"AA+","rating_fitch":"AA+","source_url":"https://www.nctreasurer.gov/divisions/state-and-local-government-finance/lgc/local-fiscal-management/afir"}]}