Borough government · Somerset County, NJ

Far Hills's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Far Hills took in $1.0 million and spent $898 thousand.

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

See every government that serves your ZIP

Where it comes from

Borough taxes78%Fines and other11%Fees for services (sewer, parking)10%State tax money0.3%

What stands out

78%

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

Borough taxes78%

Property tax
78%$815 thousand
Other taxes
0.3%$3 thousand
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$2 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$107 thousand
What's in fees for servicesSewer and parking
  • Sewer$102 thousand
  • Parking$5 thousand

Amounts are by Census type of charge.

State tax money0.3%

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

From the state
0.3%$3 thousand

Fines and other11%

Interest, rents and other
9.7%$102 thousand
Fines
1.6%$17 thousand

Where it goes

Police, fire, courts and jails53%Running the government and other costs28%Water, sewer, trash and utilities13%Interest on debt2.1%Health and hospitals1.9%Parks, recreation and libraries1.0%

What stands out

53%

of Far Hills' spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
53%$479 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$266 thousand
  • Fire protection$174 thousand
  • Courts and legal services$29 thousand
  • Inspections and regulation$10 thousand
Running the government and other costs
28%$255 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$220 thousand
  • Central staff services (personnel, purchasing, technology)$18 thousand
  • Finance, tax collection and budgeting$13 thousand
  • Government buildings$4 thousand
Water, sewer, trash and utilities
13%$119 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$98 thousand
  • Garbage and solid waste$21 thousand
Interest on debt
2.1%$19 thousand
Health and hospitals
1.9%$17 thousand
What's in health and hospitalsPublic health
  • Public health$17 thousand
Parks, recreation and libraries
1.0%$9 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$9 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Far Hills. 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 Far Hills 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.