Borough government · Burlington County, NJ

Medford Lakes's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Medford Lakes took in $6.5 million and spent $3.9 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 taxes69%Fees for services (sewer)22%Fines and other9.1%

What stands out

66%

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

Borough taxes69%

Property tax
66%$4.3 million
Other taxes
2.9%$189 thousand
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$113 thousand
  • Public utility taxes$75 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services22%

Fees for services
22%$1.4 million
What's in fees for servicesSewer
  • Sewer$1.4 million

Amounts are by Census type of charge.

Fines and other9.1%

Interest, rents and other
7.0%$454 thousand
Fines
2.1%$135 thousand

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails27%Running the government and other costs16%Roads, transit and parking12%Interest on debt11%Health and hospitals0.3%

What stands out

11%

of Medford Lakes' spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.

Spending by category100%

Water, sewer, trash and utilities
33%$1.3 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.0 million
  • Garbage and solid waste$255 thousand
Police, fire, courts and jails
27%$1.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$952 thousand
  • Fire protection$58 thousand
  • Courts and legal services$43 thousand
Running the government and other costs
16%$635 thousand
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$260 thousand
  • Central staff services (personnel, purchasing, technology)$249 thousand
  • Finance, tax collection and budgeting$126 thousand
Roads, transit and parking
12%$474 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$474 thousand
Interest on debt
11%$442 thousand
Health and hospitals
0.3%$10 thousand
What's in health and hospitalsPublic health
  • Public health$10 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Medford Lakes. 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 Medford Lakes 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.