School district · Mercer County, NJ

Hopewell Valley Regional School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hopewell Valley Regional School District took in $102 million and spent $118 million.

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

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Where it comes from

School district taxes85%State tax money10%Fees for services (school lunches, school tuition and transportation)2.6%Fines and other1.6%County and local tax money0.3%

What stands out

85%

of Hopewell Valley Regional 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%$86.7 million

Fees for services2.6%

Fees for services
2.6%$2.7 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$1.4 million
  • Other school charges$852 thousand
  • School tuition and transportation$390 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$10.3 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$350 thousand

Fines and other1.6%

Interest, rents and other
1.6%$1.7 million

Where it goes

Schools and colleges98%Interest on debt0.9%Sent to other local governments0.6%

Spending by category100%

Schools and colleges
98%$116 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$116 million
Interest on debt
0.9%$1.1 million
Sent to other local governments
0.6%$666 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$565 thousand
  • Sent to the state government$101 thousand
Sources and moreWhere these numbers come from and what they cover

Hopewell Valley Regional 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 Hopewell Valley Regional 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.