Borough government · Mercer County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Hopewell took in $2.8 million and spent $1.5 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes72%Fees for services (water)23%State tax money5.4%

What stands out

71%

of Hopewell's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes72%

Property tax
71%$2.0 million
Other taxes
0.2%$5 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$5 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$646 thousand
What's in fees for servicesWater
  • Water$646 thousand

Amounts are by Census type of charge.

State tax money5.4%

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

From the state
5.4%$152 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails35%Water, sewer, trash and utilities8.8%Interest on debt8.1%Parks, recreation and libraries7.9%

What stands out

35%

of Hopewell's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
40%$601 thousand
What's in running the government and other costsGovernment buildings; central staff services (personnel, purchasing, technology) and 2 more
  • Government buildings$220 thousand
  • Central staff services (personnel, purchasing, technology)$173 thousand
  • Other and not broken out$112 thousand
  • Finance, tax collection and budgeting$96 thousand
Police, fire, courts and jails
35%$529 thousand
What's in police, fire, courts and jailsPolice and courts and legal services
  • Police$500 thousand
  • Courts and legal services$29 thousand
Water, sewer, trash and utilities
8.8%$132 thousand
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$132 thousand
Interest on debt
8.1%$121 thousand
Parks, recreation and libraries
7.9%$118 thousand
What's in parks, recreation and librariesLibraries
  • Libraries$118 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Hopewell. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Hopewell 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.