School district · Morris County, NJ

East Hanover Township School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), East Hanover Township School District took in $27.5 million and spent $37.0 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes86%State tax money9.1%Fees for services (school tuition and transportation)2.8%Fines and other2.3%

What stands out

86%

of East Hanover Township School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes86%

Property tax
86%$23.6 million

Fees for services2.8%

Fees for services
2.8%$765 thousand
What's in fees for servicesOther school charges and school tuition and transportation
  • Other school charges$690 thousand
  • School tuition and transportation$75 thousand

Amounts are by Census type of charge.

State tax money9.1%

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

From the state
9.1%$2.5 million

Fines and other2.3%

Interest, rents and other
2.3%$636 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.2%Interest on debt1.3%

Spending by category100%

Schools and colleges
95%$35.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$35.0 million
Sent to other local governments
4.2%$1.5 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.5 million
  • Sent to the state government$39 thousand
Interest on debt
1.3%$465 thousand
Sources and moreWhere these numbers come from and what they cover

East Hanover Township School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of East Hanover Township School District 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.