School district · Somerset 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 $215 million and spent $244 million.

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

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Where it comes from

School district taxes77%State tax money21%Fees for services (school lunches, school tuition and transportation)1.2%Fines and other0.7%

What stands out

77%

of Franklin Township School District's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes77%

Property tax
77%$164 million

Fees for services1.2%

Fees for services
1.2%$2.6 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$1.6 million
  • Other school charges$668 thousand
  • School tuition and transportation$368 thousand

Amounts are by Census type of charge.

State tax money21%

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

From the state
21%$46.1 million

Fines and other0.7%

Interest, rents and other
0.7%$1.5 million

Where it goes

Schools and colleges96%Sent to other local governments3.3%Interest on debt0.5%

Spending by category100%

Schools and colleges
96%$235 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$235 million
Sent to other local governments
3.3%$7.9 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$7.7 million
  • Sent to the state government$254 thousand
Interest on debt
0.5%$1.3 million
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.