Borough government · Monmouth County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Freehold took in $24.5 million and spent $17.1 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes58%Fees for services (sewer, water)28%Fines and other8.6%State tax money2.8%Federal tax money2.3%

What stands out

55%

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

Borough taxes58%

Property tax
55%$13.4 million
Other taxes
3.7%$914 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$733 thousand
  • Public utility taxes$149 thousand
  • Alcoholic beverage licenses$32 thousand

Amounts are by Census tax category.

Fees for services28%

Fees for services
28%$6.8 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$3.2 million
  • Water$3.1 million
  • Housing$375 thousand
  • Other service charges$158 thousand
  • Parking$17 thousand

Amounts are by Census type of charge.

Federal tax money2.3%

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

From the federal government
2.3%$562 thousand

State tax money2.8%

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

From the state
2.8%$681 thousand

Fines and other8.6%

Interest, rents and other
5.8%$1.4 million
Fines
2.9%$703 thousand

Where it goes

Police, fire, courts and jails35%Water, sewer, trash and utilities22%Running the government and other costs13%Housing and community development10%Sent to other local governments8.5%All other spending10%

What stands out

10%

of Freehold's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
35%$6.0 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$4.9 million
  • Courts and legal services$503 thousand
  • Inspections and regulation$416 thousand
  • Fire protection$231 thousand
Water, sewer, trash and utilities
22%$3.8 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.4 million
  • Water supply$1.3 million
  • Garbage and solid waste$1.1 million
Running the government and other costs
13%$2.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$1.3 million
  • Central staff services (personnel, purchasing, technology)$452 thousand
  • Finance, tax collection and budgeting$377 thousand
  • Government buildings$183 thousand
Housing and community development
10%$1.8 million
Sent to other local governments
8.5%$1.4 million
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$1.4 million
Roads, transit and parking
5.0%$850 thousand
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$830 thousand
  • Parking$20 thousand
Parks, recreation and libraries
2.8%$484 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$421 thousand
  • Parks and recreation$63 thousand
Interest on debt
2.3%$400 thousand
Health and hospitals
0.2%$30 thousand
What's in health and hospitalsPublic health
  • Public health$30 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Freehold. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Freehold 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.