Township government · Morris County, NJ

Hanover Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Hanover Township took in $41.5 million and spent $37.3 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Township taxes60%Fees for services (sewer, parks and recreation)23%Fines and other8.2%State tax money6.7%Federal tax money1.5%

What stands out

23%

of Hanover Township's money comes from fees for services such as water, sewer and parking.A typical U.S. township or town of 10,000 to 50,000 people gets 8.8%.

Township taxes60%

Property tax
58%$24.1 million
Other taxes
2.4%$976 thousand
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$928 thousand
  • Alcoholic beverage licenses$48 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$9.6 million
What's in fees for servicesSewer; parks and recreation and 1 more
  • Sewer$9.1 million
  • Parks and recreation$351 thousand
  • Other service charges$160 thousand

Amounts are by Census type of charge.

Federal tax money1.5%

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

From the federal government
1.5%$628 thousand

State tax money6.7%

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

From the state
6.7%$2.8 million

Fines and other8.2%

Interest, rents and other
8.2%$3.4 million

Where it goes

Running the government and other costs32%Water, sewer, trash and utilities27%Police, fire, courts and jails20%Roads, transit and parking9.9%Parks, recreation and libraries8.8%All other spending2.5%

What stands out

27%

of Hanover Township's spending goes to water, sewer, trash and other utilities.A typical U.S. township or town of 10,000 to 50,000 people spends 4.5%.

Spending by category100%

Running the government and other costs
32%$11.9 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$6.4 million
  • Central staff services (personnel, purchasing, technology)$3.2 million
  • Government buildings$1.7 million
  • Finance, tax collection and budgeting$597 thousand
Water, sewer, trash and utilities
27%$9.9 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$8.0 million
  • Garbage and solid waste$1.9 million
Police, fire, courts and jails
20%$7.6 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$6.0 million
  • Inspections and regulation$1.0 million
  • Courts and legal services$606 thousand
  • Fire protection$15 thousand
Roads, transit and parking
9.9%$3.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$3.7 million
Parks, recreation and libraries
8.8%$3.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$2.8 million
  • Libraries$516 thousand
Interest on debt
1.1%$395 thousand
Health and hospitals
1.0%$365 thousand
What's in health and hospitalsPublic health
  • Public health$365 thousand
Sent to other local governments
0.4%$145 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$110 thousand
  • Sent to the state government$35 thousand
Housing and community development
<0.1%$27 thousand
Sources and moreWhere these numbers come from and what they cover

Hanover Township. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Hanover Township 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.