School district · Hudson County, NJ

Hoboken City School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hoboken City School District took in $96.0 million and spent $111 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

School district taxes61%State tax money33%Fees for services (school lunches)4.2%Fines and other0.9%County and local tax money0.2%Federal tax money0.2%

What stands out

61%

of Hoboken City School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes61%

Property tax

61%$58.7 million

Fees for services4.2%

Fees for services

4.2%$4.1 million

What's in fees for servicesOther school charges and school lunches

Other school charges$3.3 million
School lunches$782 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government

0.2%$146 thousand

State tax money33%

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

From the state

33%$32.0 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments

0.2%$155 thousand

Fines and other0.9%

Interest, rents and other

0.9%$843 thousand

Where it goes

Schools and colleges100%Sent to other local governments0.1%

What stands out

100%

of Hoboken City School District's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges

100%$111 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$111 million

Sent to other local governments

0.1%$147 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$147 thousand

Sources and moreWhere these numbers come from and what they cover

Hoboken City 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 Hoboken City 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.