Borough government · Middlesex County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Carteret took in $103 million and spent $39.8 million.

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

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Where it comes from

Borough taxes85%Fines and other15%

What stands out

84%

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

Borough taxes85%

Property tax
84%$86.2 million
Other taxes
0.9%$919 thousand
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$884 thousand
  • Alcoholic beverage licenses$35 thousand

Amounts are by Census tax category.

Fines and other15%

Interest, rents and other
15%$16.0 million

Where it goes

Police, fire, courts and jails34%Housing and community development27%Running the government and other costs15%Water, sewer, trash and utilities6.9%Parks, recreation and libraries4.9%All other spending12%

What stands out

27%

of Carteret'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%

Police, fire, courts and jails
34%$13.4 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$9.1 million
  • Fire protection$3.5 million
  • Inspections and regulation$422 thousand
  • Courts and legal services$404 thousand
Housing and community development
27%$10.8 million
Running the government and other costs
15%$6.0 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$4.3 million
  • Government buildings$598 thousand
  • Finance, tax collection and budgeting$549 thousand
  • Central staff services (personnel, purchasing, technology)$490 thousand
Water, sewer, trash and utilities
6.9%$2.8 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; electric power and 1 more
  • Garbage and solid waste$1.5 million
  • Electric power$1.2 million
  • Gas supply$96 thousand
Parks, recreation and libraries
4.9%$2.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.2 million
  • Parks and recreation$781 thousand
Interest on debt
4.7%$1.9 million
Sent to other local governments
3.8%$1.5 million
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$1.5 million
Roads, transit and parking
3.5%$1.4 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$1.1 million
  • Parking$307 thousand
Health and hospitals
0.3%$117 thousand
What's in health and hospitalsPublic health
  • Public health$117 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Carteret. 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 Borough of Carteret 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.