Borough government · Monmouth County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Farmingdale took in $1.1 million and spent $312 thousand.

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

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Where it comes from

Borough taxes92%State tax money6.6%Fines and other1.2%County and local tax money0.4%

What stands out

92%

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

Borough taxes92%

Property tax
92%$991 thousand

State tax money6.6%

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

From the state
6.6%$71 thousand

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$4 thousand

Fines and other1.2%

Interest, rents and other
0.9%$10 thousand
Fines
0.3%$3 thousand

Where it goes

Water, sewer, trash and utilities54%Running the government and other costs30%Police, fire, courts and jails6.4%Sent to other local governments5.8%Interest on debt4.5%

What stands out

5.8%

of Farmingdale'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%

Water, sewer, trash and utilities
54%$167 thousand
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$70 thousand
  • Sewer systems$63 thousand
  • Garbage and solid waste$34 thousand
Running the government and other costs
30%$93 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$76 thousand
  • Finance, tax collection and budgeting$17 thousand
Police, fire, courts and jails
6.4%$20 thousand
What's in police, fire, courts and jailsFire protection and courts and legal services
  • Fire protection$10 thousand
  • Courts and legal services$10 thousand
Sent to other local governments
5.8%$18 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$18 thousand
Interest on debt
4.5%$14 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Farmingdale. 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 Farmingdale 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.