City government · Hudson County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Hoboken took in $184 million and spent $139 million.

Latest recorded year: ended June 30, 2024Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

City taxes41%Fees for services (parking, housing)29%Federal tax money21%State tax money5.5%Fines and other3.4%

What stands out

21%

of Hoboken's money comes from federal tax money.A typical U.S. city of 50,000+ people gets 3.6%.

City taxes41%

Property tax
39%$72.6 million
Other taxes
1.7%$3.2 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$1.5 million
  • Other selective sales taxes$1.0 million
  • Public utility taxes$349 thousand
  • Alcoholic beverage licenses$329 thousand

Amounts are by Census tax category.

Fees for services29%

Fees for services
29%$53.0 million
What's in fees for servicesParking; housing and 5 more
  • Parking$21.3 million
  • Housing$12.0 million
  • Water$9.3 million
  • Other service charges$5.3 million
  • Road charges$4.9 million
  • Sewer$157 thousand
  • Transit fares$11 thousand

Amounts are by Census type of charge.

Federal tax money21%

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

From the federal government
21%$38.9 million

State tax money5.5%

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

From the state
5.5%$10.1 million

Fines and other3.4%

Fines
2.6%$4.8 million
Interest, rents and other
0.8%$1.5 million

Where it goes

Police, fire, courts and jails28%Running the government and other costs23%Housing and community development18%Roads, transit and parking13%Water, sewer, trash and utilities9.7%All other spending8.1%

What stands out

18%

of Hoboken's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Police, fire, courts and jails
28%$38.8 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$19.7 million
  • Fire protection$17.5 million
  • Courts and legal services$1.2 million
  • Inspections and regulation$308 thousand
Running the government and other costs
23%$32.5 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$28.8 million
  • Finance, tax collection and budgeting$1.9 million
  • Central staff services (personnel, purchasing, technology)$1.7 million
Housing and community development
18%$25.1 million
Roads, transit and parking
13%$18.2 million
What's in roads, transit and parkingParking and roads and highways
  • Parking$17.6 million
  • Roads and highways$668 thousand
Water, sewer, trash and utilities
9.7%$13.6 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$7.9 million
  • Garbage and solid waste$5.7 million
Parks, recreation and libraries
5.7%$8.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$6.1 million
  • Parks and recreation$1.8 million
Interest on debt
1.9%$2.7 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.7 million
  • Interest on water supply debt$7 thousand
Health and hospitals
0.4%$614 thousand
What's in health and hospitalsPublic health
  • Public health$614 thousand
Sources and moreWhere these numbers come from and what they cover

City of Hoboken. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024. 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 City of Hoboken 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.