School district · Hunterdon County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Franklin Township School District took in $9.4 million and spent $10.3 million.

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

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Where it comes from

School district taxes75%State tax money16%County and local tax money6.8%Fees for services (school lunches)1.2%Fines and other1.1%

What stands out

75%

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

School district taxes75%

Property tax
75%$7.1 million

Fees for services1.2%

Fees for services
1.2%$117 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$74 thousand
  • Other school charges$43 thousand

Amounts are by Census type of charge.

State tax money16%

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

From the state
16%$1.5 million

County and local tax money6.8%

Money passed on by the county or other local governments.

From the county and other local governments
6.8%$639 thousand

Fines and other1.1%

Interest, rents and other
1.1%$103 thousand

Where it goes

Schools and colleges94%Sent to other local governments5.3%Interest on debt0.5%

What stands out

5.3%

of Franklin Township School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
94%$9.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$9.7 million
Sent to other local governments
5.3%$549 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$513 thousand
  • Sent to the state government$36 thousand
Interest on debt
0.5%$49 thousand
Sources and moreWhere these numbers come from and what they cover

Franklin 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 Franklin 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.