School district · Essex County, NJ

Bloomfield Town School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Bloomfield Town School District took in $145 million and spent $172 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes57%State tax money41%Fines and other1.4%Fees for services (school lunches, school tuition and transportation)1.3%County and local tax money<0.1%

What stands out

57%

of Bloomfield Town School District's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes57%

Property tax
57%$82.2 million

Fees for services1.3%

Fees for services
1.3%$1.8 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$1.1 million
  • Other school charges$553 thousand
  • School tuition and transportation$175 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$58.7 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$85 thousand

Fines and other1.4%

Interest, rents and other
1.4%$2.1 million

Where it goes

Schools and colleges96%Sent to other local governments3.5%Interest on debt<0.1%

What stands out

3.5%

of Bloomfield Town School District's spending goes to local governments.Most school districts with 5,000 to 25,000 students spend nothing on this.

Spending by category100%

Schools and colleges
96%$166 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$166 million
Sent to other local governments
3.5%$6.1 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$5.8 million
  • Sent to the state government$266 thousand
Interest on debt
<0.1%$139 thousand
Sources and moreWhere these numbers come from and what they cover

Bloomfield Town School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Bloomfield Town School District 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.