Township government · Monmouth County, NJ

Colts Neck Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Colts Neck Township took in $15.5 million and spent $11.2 million.

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

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Where it comes from

Township taxes76%State tax money13%Fines and other5.8%Federal tax money3.2%County and local tax money1.4%

What stands out

74%

of Colts Neck Township's money comes from property tax.A typical U.S. township or town of under 10,000 people gets 52%.

Township taxes76%

Property tax
74%$11.5 million
Other taxes
2.1%$323 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$323 thousand

Amounts are by Census tax category.

Federal tax money3.2%

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

From the federal government
3.2%$504 thousand

State tax money13%

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

From the state
13%$2.1 million

County and local tax money1.4%

Money passed on by the county or other local governments.

From the county and other local governments
1.4%$225 thousand

Fines and other5.8%

Interest, rents and other
4.8%$753 thousand
Fines
1.0%$150 thousand

Where it goes

Police, fire, courts and jails30%Running the government and other costs24%Roads, transit and parking23%Interest on debt6.8%Water, sewer, trash and utilities6.8%All other spending9.8%

What stands out

30%

of Colts Neck Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of under 10,000 people spends 6.7%.

Spending by category100%

Police, fire, courts and jails
30%$3.3 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$2.9 million
  • Courts and legal services$224 thousand
  • Fire protection$180 thousand
  • Inspections and regulation$63 thousand
Running the government and other costs
24%$2.7 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$1.1 million
  • Finance, tax collection and budgeting$961 thousand
  • Central staff services (personnel, purchasing, technology)$479 thousand
  • Government buildings$168 thousand
Roads, transit and parking
23%$2.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.6 million
Interest on debt
6.8%$764 thousand
Water, sewer, trash and utilities
6.8%$763 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$763 thousand
Parks, recreation and libraries
4.5%$503 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$451 thousand
  • Libraries$52 thousand
Sent to other local governments
3.2%$362 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$362 thousand
Health and hospitals
2.1%$232 thousand
What's in health and hospitalsPublic health
  • Public health$232 thousand
Sources and moreWhere these numbers come from and what they cover

Colts Neck Township. 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 Colts Neck Township 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.