Borough government · Morris County, NJ

Florham Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Florham Park took in $29.1 million and spent $23.0 million.

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

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Where it comes from

Borough taxes70%Fees for services (sewer, water)26%Fines and other1.9%Federal tax money1.0%State tax money0.4%County and local tax money<0.1%

What stands out

61%

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

Borough taxes70%

Property tax
61%$17.9 million
Other taxes
8.8%$2.6 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$2.1 million
  • Other selective sales taxes$217 thousand
  • Public utility taxes$183 thousand
  • Alcoholic beverage licenses$18 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$7.7 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$5.2 million
  • Water$2.2 million
  • Parks and recreation$267 thousand
  • Other service charges$96 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government
1.0%$297 thousand

State tax money0.4%

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

From the state
0.4%$102 thousand

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$15 thousand

Fines and other1.9%

Interest, rents and other
1.5%$440 thousand
Fines
0.4%$125 thousand

Where it goes

Running the government and other costs34%Water, sewer, trash and utilities28%Police, fire, courts and jails23%Parks, recreation and libraries7.2%Roads, transit and parking4.5%All other spending3.1%

What stands out

34%

of Florham Park's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
34%$7.9 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$6.2 million
  • Government buildings$915 thousand
  • Central staff services (personnel, purchasing, technology)$439 thousand
  • Finance, tax collection and budgeting$341 thousand
Water, sewer, trash and utilities
28%$6.5 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$4.3 million
  • Water supply$2.0 million
  • Garbage and solid waste$183 thousand
Police, fire, courts and jails
23%$5.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$4.7 million
  • Fire protection$282 thousand
  • Courts and legal services$239 thousand
  • Inspections and regulation$52 thousand
Parks, recreation and libraries
7.2%$1.7 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.2 million
  • Parks and recreation$470 thousand
Roads, transit and parking
4.5%$1.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.0 million
Interest on debt
1.9%$431 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$232 thousand
  • Interest on water supply debt$199 thousand
Health and hospitals
1.2%$265 thousand
What's in health and hospitalsPublic health
  • Public health$265 thousand
Social services
<0.1%$16 thousand
What's in social servicesOther public welfare
  • Other public welfare$16 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Florham Park. 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 Florham Park 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.