School district · Bergen County, NJ

Hohokus Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hohokus Borough School District took in $19.1 million and spent $28.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes85%State tax money9.8%Fines and other3.8%Fees for services (school tuition and transportation, school lunches)1.6%

What stands out

85%

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

School district taxes85%

Property tax
85%$16.1 million

Fees for services1.6%

Fees for services
1.6%$310 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$170 thousand
  • Other school charges$135 thousand
  • School lunches$5 thousand

Amounts are by Census type of charge.

State tax money9.8%

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

From the state
9.8%$1.9 million

Fines and other3.8%

Interest, rents and other
3.8%$730 thousand

Where it goes

Schools and colleges80%Sent to other local governments19%Interest on debt0.2%

What stands out

19%

of Hohokus Borough School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
80%$22.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$22.9 million
Sent to other local governments
19%$5.5 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$5.5 million
  • Sent to the state government$30 thousand
Interest on debt
0.2%$59 thousand
Sources and moreWhere these numbers come from and what they cover

Hohokus Borough 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 Hohokus Borough 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.