Borough government · Monmouth County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Keyport took in $12.1 million and spent $12.6 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 taxes63%Fees for services (sewer, water)26%Fines and other7.7%State tax money3.0%

What stands out

58%

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

Borough taxes63%

Property tax
58%$7.0 million
Other taxes
4.9%$587 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$446 thousand
  • Public utility taxes$107 thousand
  • Alcoholic beverage licenses$34 thousand

Amounts are by Census tax category.

Fees for services26%

Fees for services
26%$3.2 million
What's in fees for servicesSewer and water
  • Sewer$1.8 million
  • Water$1.4 million

Amounts are by Census type of charge.

State tax money3.0%

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

From the state
3.0%$365 thousand

Fines and other7.7%

Interest, rents and other
5.4%$655 thousand
Fines
2.2%$271 thousand

Where it goes

Water, sewer, trash and utilities35%Police, fire, courts and jails23%Running the government and other costs22%Sent to other local governments9.4%Roads, transit and parking4.6%All other spending6.6%

What stands out

9.4%

of Keyport's spending goes to local governments.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
35%$4.4 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$2.9 million
  • Sewer systems$1.0 million
  • Garbage and solid waste$488 thousand
Police, fire, courts and jails
23%$2.9 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$2.4 million
  • Courts and legal services$204 thousand
  • Inspections and regulation$137 thousand
  • Fire protection$86 thousand
Running the government and other costs
22%$2.8 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$2.3 million
  • Finance, tax collection and budgeting$223 thousand
  • Central staff services (personnel, purchasing, technology)$205 thousand
  • Government buildings$82 thousand
Sent to other local governments
9.4%$1.2 million
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$1.2 million
Roads, transit and parking
4.6%$580 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$580 thousand
Interest on debt
3.4%$426 thousand
Parks, recreation and libraries
2.3%$290 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$250 thousand
  • Parks and recreation$40 thousand
Health and hospitals
0.9%$110 thousand
What's in health and hospitalsPublic health
  • Public health$110 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Keyport. 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 Keyport 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.