Borough government · Morris County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Madison took in $55.2 million and spent $42.1 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

Fees for services (electric power, water)55%Borough taxes34%Federal tax money8.7%Fines and other1.3%State tax money1.0%

What stands out

55%

of Madison's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

Borough taxes34%

Property tax
32%$17.4 million
Other taxes
2.6%$1.5 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$1.2 million
  • Public utility taxes$221 thousand
  • Alcoholic beverage licenses$34 thousand

Amounts are by Census tax category.

Fees for services55%

Fees for services
55%$30.2 million
What's in fees for servicesElectric power; water and 4 more
  • Electric power$24.2 million
  • Water$3.5 million
  • Housing$1.1 million
  • Other service charges$1.0 million
  • Sewer$308 thousand
  • Parking$3 thousand

Amounts are by Census type of charge.

Federal tax money8.7%

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

From the federal government
8.7%$4.8 million

State tax money1.0%

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

From the state
1.0%$565 thousand

Fines and other1.3%

Interest, rents and other
1.0%$578 thousand
Fines
0.3%$156 thousand

Where it goes

Water, sewer, trash and utilities49%Police, fire, courts and jails17%Housing and community development11%Parks, recreation and libraries6.8%Running the government and other costs6.4%All other spending8.6%

What stands out

11%

of Madison's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
49%$20.8 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$14.7 million
  • Water supply$2.5 million
  • Sewer systems$2.4 million
  • Garbage and solid waste$1.2 million
Police, fire, courts and jails
17%$7.3 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$4.8 million
  • Fire protection$1.9 million
  • Courts and legal services$312 thousand
  • Inspections and regulation$295 thousand
Housing and community development
11%$4.8 million
Parks, recreation and libraries
6.8%$2.8 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$2.3 million
  • Parks and recreation$528 thousand
Running the government and other costs
6.4%$2.7 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$1.5 million
  • Central staff services (personnel, purchasing, technology)$557 thousand
  • Finance, tax collection and budgeting$439 thousand
  • Government buildings$205 thousand
Roads, transit and parking
6.3%$2.6 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.6 million
Interest on debt
1.4%$608 thousand
Health and hospitals
0.7%$287 thousand
What's in health and hospitalsPublic health
  • Public health$287 thousand
Sent to other local governments
0.2%$65 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$65 thousand
Social services
<0.1%$33 thousand
What's in social servicesOther public welfare
  • Other public welfare$33 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Madison. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Borough of Madison 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.