Borough government · Cape May County, NJ

Cape May Point's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Cape May Point took in $4.5 million and spent $3.2 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes70%Fees for services (water, parks and recreation)22%State tax money8.2%Fines and other0.2%

What stands out

68%

of Cape May Point's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes70%

Property tax
68%$3.0 million
Other taxes
1.8%$80 thousand
What's in other taxesOccupation and business licenses; other licenses and 1 more
  • Occupation and business licenses$64 thousand
  • Other licenses$10 thousand
  • Public utility taxes$6 thousand

Amounts are by Census tax category.

Fees for services22%

Fees for services
22%$964 thousand
What's in fees for servicesWater and parks and recreation
  • Water$723 thousand
  • Parks and recreation$241 thousand

Amounts are by Census type of charge.

State tax money8.2%

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

From the state
8.2%$366 thousand

Fines and other0.2%

Interest, rents and other
0.2%$9 thousand
Fines
<0.1%$1 thousand

Where it goes

Roads, transit and parking31%Water, sewer, trash and utilities23%Sent to other local governments17%Running the government and other costs14%Police, fire, courts and jails11%All other spending2.7%

What stands out

17%

of Cape May Point's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
31%$988 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$988 thousand
Water, sewer, trash and utilities
23%$741 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$345 thousand
  • Sewer systems$317 thousand
  • Garbage and solid waste$79 thousand
Sent to other local governments
17%$544 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$544 thousand
Running the government and other costs
14%$454 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 2 more
  • Central staff services (personnel, purchasing, technology)$195 thousand
  • Other and not broken out$110 thousand
  • Finance, tax collection and budgeting$99 thousand
  • Government buildings$50 thousand
Police, fire, courts and jails
11%$362 thousand
What's in police, fire, courts and jailsPolice; inspections and regulation and 1 more
  • Police$318 thousand
  • Inspections and regulation$32 thousand
  • Fire protection$12 thousand
Parks, recreation and libraries
1.0%$33 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$33 thousand
Interest on debt
1.0%$33 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$28 thousand
  • Interest on general debt$5 thousand
Health and hospitals
0.5%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Environment and natural resources
<0.1%$3 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$3 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Cape May Point. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Cape May Point 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.