School district · Monmouth County, NJ

Holmdel Township School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Holmdel Township School District took in $74.8 million and spent $89.0 million.

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

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Where it comes from

School district taxes82%State tax money12%Fees for services (school lunches, school tuition and transportation)3.2%Fines and other2.2%County and local tax money0.5%

What stands out

82%

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

School district taxes82%

Property tax
82%$61.5 million

Fees for services3.2%

Fees for services
3.2%$2.4 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$1.4 million
  • Other school charges$1.0 million
  • School tuition and transportation$7 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$8.8 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$354 thousand

Fines and other2.2%

Interest, rents and other
2.2%$1.7 million

Where it goes

Schools and colleges97%Interest on debt1.4%Sent to other local governments1.3%

Spending by category100%

Schools and colleges
97%$86.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$86.7 million
Interest on debt
1.4%$1.2 million
Sent to other local governments
1.3%$1.1 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.0 million
  • Sent to the state government$70 thousand
Sources and moreWhere these numbers come from and what they cover

Holmdel Township 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 Holmdel Township 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.