Borough government · Somerset County, NJ

Bound Brook's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Bound Brook took in $14.8 million and spent $12.3 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes75%Fees for services (sewer, garbage collection)13%Fines and other7.7%State tax money4.2%

What stands out

72%

of Bound Brook's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Borough taxes75%

Property tax
72%$10.6 million
Other taxes
3.6%$533 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$334 thousand
  • Public utility taxes$138 thousand
  • Alcoholic beverage licenses$61 thousand

Amounts are by Census tax category.

Fees for services13%

Fees for services
13%$1.9 million
What's in fees for servicesSewer; garbage collection and 1 more
  • Sewer$1.1 million
  • Garbage collection$542 thousand
  • Parking$193 thousand

Amounts are by Census type of charge.

State tax money4.2%

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

From the state
4.2%$626 thousand

Fines and other7.7%

Interest, rents and other
4.4%$648 thousand
Fines
3.4%$496 thousand

Where it goes

Running the government and other costs41%Police, fire, courts and jails37%Roads, transit and parking6.5%Water, sewer, trash and utilities4.2%Sent to other local governments4.0%All other spending6.5%

What stands out

41%

of Bound Brook's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
41%$5.1 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$4.4 million
  • Finance, tax collection and budgeting$343 thousand
  • Central staff services (personnel, purchasing, technology)$303 thousand
  • Government buildings$83 thousand
Police, fire, courts and jails
37%$4.6 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$3.7 million
  • Courts and legal services$481 thousand
  • Inspections and regulation$211 thousand
  • Fire protection$162 thousand
Roads, transit and parking
6.5%$801 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$769 thousand
  • Parking$32 thousand
Water, sewer, trash and utilities
4.2%$518 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$518 thousand
Sent to other local governments
4.0%$495 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$495 thousand
Interest on debt
4.0%$488 thousand
Health and hospitals
1.5%$183 thousand
What's in health and hospitalsPublic health
  • Public health$183 thousand
Parks, recreation and libraries
1.0%$126 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$126 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Bound Brook. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Bound Brook 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.