Borough government · Bergen County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Hillsdale took in $17.4 million and spent $14.3 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Borough taxes71%Fines and other17%State tax money8.3%Fees for services (parking)1.8%County and local tax money1.1%Federal tax money0.8%

What stands out

67%

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

Borough taxes71%

Property tax
67%$11.7 million
Other taxes
4.1%$716 thousand
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$676 thousand
  • Occupation and business licenses$22 thousand
  • Alcoholic beverage licenses$18 thousand

Amounts are by Census tax category.

Fees for services1.8%

Fees for services
1.8%$318 thousand
What's in fees for servicesOther service charges and parking
  • Other service charges$306 thousand
  • Parking$12 thousand

Amounts are by Census type of charge.

Federal tax money0.8%

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

From the federal government
0.8%$131 thousand

State tax money8.3%

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

From the state
8.3%$1.4 million

County and local tax money1.1%

Money passed on by the county or other local governments.

From the county and other local governments
1.1%$196 thousand

Fines and other17%

Interest, rents and other
16%$2.9 million
Fines
0.2%$30 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails25%Roads, transit and parking9.3%Sent to other local governments9.1%Water, sewer, trash and utilities8.0%All other spending8.2%

What stands out

9.1%

of Hillsdale's spending goes to local governments.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
40%$5.8 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$4.1 million
  • Government buildings$830 thousand
  • Central staff services (personnel, purchasing, technology)$543 thousand
  • Finance, tax collection and budgeting$316 thousand
Police, fire, courts and jails
25%$3.6 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$3.0 million
  • Courts and legal services$203 thousand
  • Inspections and regulation$186 thousand
  • Fire protection$166 thousand
Roads, transit and parking
9.3%$1.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.3 million
Sent to other local governments
9.1%$1.3 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$1.3 million
Water, sewer, trash and utilities
8.0%$1.1 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.1 million
Parks, recreation and libraries
5.9%$842 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$621 thousand
  • Parks and recreation$221 thousand
Health and hospitals
1.8%$256 thousand
What's in health and hospitalsPublic health
  • Public health$256 thousand
Interest on debt
0.5%$70 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Hillsdale. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Borough of Hillsdale 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.