Town government · Morris County, NJ

Boonton's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Boonton took in $28.7 million and spent $13.6 million.

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

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Where it comes from

Town taxes60%Fees for services (water, housing)24%Federal tax money14%State tax money0.7%Fines and other0.6%

What stands out

14%

of Boonton's money comes from federal tax money.Most U.S. cities, towns and villages of under 10,000 people get none.

Town taxes60%

Property tax
40%$11.4 million
Other taxes
21%$5.9 million
What's in other taxesOther licenses
  • Other licenses$5.9 million

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$7.0 million
What's in fees for servicesWater and housing
  • Water$5.5 million
  • Housing$1.5 million

Amounts are by Census type of charge.

Federal tax money14%

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

From the federal government
14%$4.0 million

State tax money0.7%

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

From the state
0.7%$212 thousand

Fines and other0.6%

Interest, rents and other
0.6%$166 thousand

Where it goes

Water, sewer, trash and utilities38%Police, fire, courts and jails34%Housing and community development13%Running the government and other costs6.1%Parks, recreation and libraries5.0%All other spending3.5%

What stands out

13%

of Boonton's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
38%$5.2 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.7 million
  • Sewer systems$2.0 million
  • Garbage and solid waste$455 thousand
Police, fire, courts and jails
34%$4.6 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$4.0 million
  • Inspections and regulation$250 thousand
  • Courts and legal services$220 thousand
  • Fire protection$215 thousand
Housing and community development
13%$1.8 million
Running the government and other costs
6.1%$833 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); government buildings and 1 more
  • Central staff services (personnel, purchasing, technology)$451 thousand
  • Government buildings$266 thousand
  • Finance, tax collection and budgeting$116 thousand
Parks, recreation and libraries
5.0%$674 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$507 thousand
  • Parks and recreation$167 thousand
Health and hospitals
1.2%$167 thousand
What's in health and hospitalsPublic health
  • Public health$167 thousand
Sent to other local governments
1.1%$150 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$150 thousand
Interest on debt
1.0%$142 thousand
Social services
0.1%$15 thousand
What's in social servicesOther public welfare
  • Other public welfare$15 thousand
Sources and moreWhere these numbers come from and what they cover

Town of Boonton. 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 Town of Boonton 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.