Borough government · Camden County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Magnolia took in $5.6 million and spent $4.9 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 taxes71%Fines and other16%State tax money6.5%Fees for services (sewer, garbage collection)5.2%Federal tax money1.9%

What stands out

70%

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

Borough taxes71%

Property tax
70%$3.9 million
Other taxes
0.6%$33 thousand
What's in other taxesPublic utility taxes; alcoholic beverage licenses and 1 more
  • Public utility taxes$20 thousand
  • Alcoholic beverage licenses$8 thousand
  • Other licenses$5 thousand

Amounts are by Census tax category.

Fees for services5.2%

Fees for services
5.2%$295 thousand
What's in fees for servicesSewer; garbage collection and 1 more
  • Sewer$272 thousand
  • Garbage collection$21 thousand
  • Other service charges$2 thousand

Amounts are by Census type of charge.

Federal tax money1.9%

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

From the federal government
1.9%$108 thousand

State tax money6.5%

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

From the state
6.5%$363 thousand

Fines and other16%

Interest, rents and other
10%$578 thousand
Fines
5.5%$311 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails36%Roads, transit and parking13%Water, sewer, trash and utilities8.2%Interest on debt2.5%Health and hospitals0.6%

What stands out

36%

of Magnolia'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%$1.9 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$1.4 million
  • Finance, tax collection and budgeting$268 thousand
  • Central staff services (personnel, purchasing, technology)$202 thousand
  • Government buildings$20 thousand
Police, fire, courts and jails
36%$1.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.4 million
  • Fire protection$231 thousand
  • Courts and legal services$136 thousand
Roads, transit and parking
13%$639 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$639 thousand
Water, sewer, trash and utilities
8.2%$403 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$231 thousand
  • Garbage and solid waste$172 thousand
Interest on debt
2.5%$124 thousand
Health and hospitals
0.6%$28 thousand
What's in health and hospitalsPublic health
  • Public health$28 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Magnolia. 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 Magnolia 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.