City government · Monmouth County, NJ

Asbury Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Asbury Park took in $66.4 million and spent $74.3 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Fees for services (parking, sewer)30%City taxes28%Fines and other26%Federal tax money12%State tax money2.8%County and local tax money0.8%

What stands out

24%

of Asbury Park's money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes28%

Property tax
25%$16.7 million
Other taxes
3.0%$2.0 million
What's in other taxesOther licenses; other selective sales taxes and 1 more
  • Other licenses$946 thousand
  • Other selective sales taxes$909 thousand
  • Alcoholic beverage licenses$106 thousand

Amounts are by Census tax category.

Fees for services30%

Fees for services
30%$19.7 million
What's in fees for servicesParking; sewer and 2 more
  • Parking$7.5 million
  • Sewer$6.8 million
  • Parks and recreation$3.4 million
  • Housing$2.0 million

Amounts are by Census type of charge.

Federal tax money12%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
12%$8.2 million

State tax money2.8%

Money the state passes on, paid for by the state taxes residents also pay.

From the state
2.8%$1.8 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$543 thousand

Fines and other26%

Interest, rents and other
24%$15.9 million
Fines
2.3%$1.5 million

Where it goes

Housing and community development33%Police, fire, courts and jails27%Running the government and other costs20%Water, sewer, trash and utilities11%Parks, recreation and libraries3.6%All other spending5.4%

What stands out

33%

of Asbury Park's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Housing and community development
33%$24.5 million
Police, fire, courts and jails
27%$20.0 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$11.7 million
  • Fire protection$6.9 million
  • Inspections and regulation$1.0 million
  • Courts and legal services$344 thousand
Running the government and other costs
20%$15.2 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$11.4 million
  • Central staff services (personnel, purchasing, technology)$3.3 million
  • Government buildings$452 thousand
Water, sewer, trash and utilities
11%$7.9 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$5.8 million
  • Garbage and solid waste$2.0 million
Parks, recreation and libraries
3.6%$2.7 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.9 million
  • Libraries$828 thousand
Roads, transit and parking
2.4%$1.8 million
What's in roads, transit and parkingParking
  • Parking$1.8 million
Interest on debt
2.0%$1.5 million
Sent to other local governments
0.9%$694 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$694 thousand
Sources and moreWhere these numbers come from and what they cover

City of Asbury Park. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Asbury Park itself. Other governments that serve the same area (the city, county, school district and state) are separate and not included. Borrowing, transfers between a government's own funds, and pension trust funds are not counted as revenue.