Borough government · Atlantic County, NJ
Folsom's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2021), Folsom took in $1.4 million and spent $874 thousand.
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Where it comes from
What stands out
of Folsom's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.
Borough taxes64%
What's in other taxesAlcoholic beverage licenses
- Alcoholic beverage licenses$3 thousand
Amounts are by Census tax category.
State tax money30%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other6.8%
Where it goes
What stands out
of Folsom's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.
Spending by category100%
What's in roads, transit and parkingRoads and highways
- Roads and highways$432 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 1 more
- Central staff services (personnel, purchasing, technology)$124 thousand
- Finance, tax collection and budgeting$84 thousand
- Government buildings$24 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
- Garbage and solid waste$169 thousand
What's in police, fire, courts and jailsFire protection
- Fire protection$26 thousand
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$8 thousand
Sources and moreWhere these numbers come from and what they cover
Borough of Folsom. 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 Folsom 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.