Borough government · Monmouth County, NJ

Little Silver's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Little Silver took in $11.0 million and spent $12.9 million.

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

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Where it comes from

Borough taxes78%Fines and other10%State tax money5.6%Federal tax money3.2%Fees for services (parks and recreation, parking)1.6%County and local tax money0.9%

What stands out

75%

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

Borough taxes78%

Property tax
75%$8.2 million
Other taxes
3.8%$417 thousand
What's in other taxesOther licenses; occupation and business licenses and 1 more
  • Other licenses$298 thousand
  • Occupation and business licenses$114 thousand
  • Alcoholic beverage licenses$5 thousand

Amounts are by Census tax category.

Fees for services1.6%

Fees for services
1.6%$172 thousand
What's in fees for servicesParks and recreation and parking
  • Parks and recreation$99 thousand
  • Parking$73 thousand

Amounts are by Census type of charge.

Federal tax money3.2%

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

From the federal government
3.2%$351 thousand

State tax money5.6%

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

From the state
5.6%$618 thousand

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$101 thousand

Fines and other10%

Interest, rents and other
9.6%$1.1 million
Fines
0.6%$70 thousand

Where it goes

Running the government and other costs34%Roads, transit and parking29%Police, fire, courts and jails25%Water, sewer, trash and utilities4.6%Parks, recreation and libraries4.1%All other spending3.7%

What stands out

29%

of Little Silver's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Running the government and other costs
34%$4.4 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$3.3 million
  • Central staff services (personnel, purchasing, technology)$472 thousand
  • Finance, tax collection and budgeting$408 thousand
  • Government buildings$188 thousand
Roads, transit and parking
29%$3.7 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$3.6 million
  • Parking$149 thousand
Police, fire, courts and jails
25%$3.2 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$2.8 million
  • Courts and legal services$180 thousand
  • Fire protection$168 thousand
  • Inspections and regulation$10 thousand
Water, sewer, trash and utilities
4.6%$587 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$587 thousand
Parks, recreation and libraries
4.1%$532 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$402 thousand
  • Libraries$130 thousand
Health and hospitals
1.4%$176 thousand
What's in health and hospitalsPublic health
  • Public health$176 thousand
Sent to other local governments
1.3%$170 thousand
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$170 thousand
Housing and community development
0.7%$92 thousand
Environment and natural resources
0.3%$35 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$35 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Little Silver. 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 Borough of Little Silver 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.