Borough government · Sussex County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Franklin took in $8.2 million and spent $11.3 million.

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

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Where it comes from

Borough taxes61%Fees for services (sewer, water)26%State tax money9.3%Fines and other3.3%County and local tax money0.4%

What stands out

60%

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

Borough taxes61%

Property tax
60%$4.9 million
Other taxes
0.7%$57 thousand
What's in other taxesOther licenses; public utility licenses and 1 more
  • Other licenses$28 thousand
  • Public utility licenses$16 thousand
  • Alcoholic beverage licenses$13 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$2.2 million
What's in fees for servicesSewer and water
  • Sewer$1.6 million
  • Water$548 thousand

Amounts are by Census type of charge.

State tax money9.3%

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

From the state
9.3%$761 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%$31 thousand

Fines and other3.3%

Interest, rents and other
2.3%$188 thousand
Fines
1.0%$86 thousand

Where it goes

Running the government and other costs61%Police, fire, courts and jails22%Sent to other local governments7.9%Water, sewer, trash and utilities7.5%Interest on debt1.5%

What stands out

61%

of Franklin's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
61%$6.9 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$6.6 million
  • Central staff services (personnel, purchasing, technology)$236 thousand
  • Government buildings$77 thousand
Police, fire, courts and jails
22%$2.4 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$2.2 million
  • Courts and legal services$128 thousand
  • Inspections and regulation$57 thousand
  • Fire protection$56 thousand
Sent to other local governments
7.9%$889 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$889 thousand
Water, sewer, trash and utilities
7.5%$841 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$841 thousand
Interest on debt
1.5%$169 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$142 thousand
  • Interest on water supply debt$27 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Franklin. 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 Franklin 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.