Township government · Mercer County, NJ

Hopewell Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Hopewell Township took in $23.2 million and spent $19.6 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

See every government that serves your ZIP

Where it comes from

Township taxes76%State tax money11%Fees for services (sewer, water)6.9%Fines and other3.1%County and local tax money2.4%Federal tax money0.7%

What stands out

73%

of Hopewell Township's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Township taxes76%

Property tax
73%$16.9 million
Other taxes
3.1%$709 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$444 thousand
  • Public utility taxes$234 thousand
  • Alcoholic beverage licenses$31 thousand

Amounts are by Census tax category.

Fees for services6.9%

Fees for services
6.9%$1.6 million
What's in fees for servicesSewer and water
  • Sewer$1.4 million
  • Water$197 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$173 thousand

State tax money11%

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

From the state
11%$2.6 million

County and local tax money2.4%

Money passed on by the county or other local governments.

From the county and other local governments
2.4%$556 thousand

Fines and other3.1%

Interest, rents and other
2.7%$622 thousand
Fines
0.4%$89 thousand

Where it goes

Running the government and other costs37%Interest on debt21%Police, fire, courts and jails21%Roads, transit and parking11%Water, sewer, trash and utilities7.2%All other spending3.3%

What stands out

21%

of Hopewell Township's spending goes to interest on debt.A typical U.S. township or town of 10,000 to 50,000 people spends 0.9%.

Spending by category100%

Running the government and other costs
37%$7.3 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$6.1 million
  • Central staff services (personnel, purchasing, technology)$670 thousand
  • Finance, tax collection and budgeting$488 thousand
  • Government buildings$123 thousand
Interest on debt
21%$4.0 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$4.0 million
  • Interest on water supply debt$4 thousand
Police, fire, courts and jails
21%$4.0 million
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$3.4 million
  • Courts and legal services$629 thousand
Roads, transit and parking
11%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Water, sewer, trash and utilities
7.2%$1.4 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.3 million
  • Water supply$77 thousand
  • Garbage and solid waste$17 thousand
Health and hospitals
1.9%$369 thousand
What's in health and hospitalsPublic health
  • Public health$369 thousand
Parks, recreation and libraries
1.2%$241 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$241 thousand
Social services
0.2%$43 thousand
What's in social servicesOther public welfare
  • Other public welfare$43 thousand
Sources and moreWhere these numbers come from and what they cover

Hopewell Township. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Hopewell Township 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.