School district · Morris County, NJ

Madison Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Madison Borough School District took in $58.0 million and spent $72.5 million.

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

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Where it comes from

School district taxes82%State tax money11%County and local tax money3.9%Fees for services (school lunches, school tuition and transportation)2.7%Fines and other1.1%

What stands out

82%

of Madison Borough School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes82%

Property tax
82%$47.3 million

Fees for services2.7%

Fees for services
2.7%$1.6 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$747 thousand
  • Other school charges$684 thousand
  • School tuition and transportation$133 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$6.2 million

County and local tax money3.9%

Money passed on by the county or other local governments.

From the county and other local governments
3.9%$2.2 million

Fines and other1.1%

Interest, rents and other
1.1%$659 thousand

Where it goes

Schools and colleges98%Sent to other local governments1.3%Interest on debt0.8%

Spending by category100%

Schools and colleges
98%$71.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$71.0 million
Sent to other local governments
1.3%$974 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$970 thousand
  • Sent to the state government$4 thousand
Interest on debt
0.8%$564 thousand
Sources and moreWhere these numbers come from and what they cover

Madison Borough 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 Madison Borough 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.