Borough government · Hunterdon County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Milford took in $5.6 million and spent $2.8 million.

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

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Where it comes from

Borough taxes72%Fees for services (water, sewer)19%Federal tax money8.4%Fines and other0.7%

What stands out

72%

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

Borough taxes72%

Property tax
72%$4.0 million

Fees for services19%

Fees for services
19%$1.1 million
What's in fees for servicesWater; sewer and 1 more
  • Water$403 thousand
  • Sewer$335 thousand
  • Other service charges$335 thousand

Amounts are by Census type of charge.

Federal tax money8.4%

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

From the federal government
8.4%$471 thousand

Fines and other0.7%

Interest, rents and other
0.7%$38 thousand

Where it goes

Water, sewer, trash and utilities73%Running the government and other costs16%Interest on debt3.6%Police, fire, courts and jails3.2%Parks, recreation and libraries2.6%Sent to other local governments1.2%

What stands out

73%

of Milford's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
73%$2.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.1 million
  • Water supply$700 thousand
  • Garbage and solid waste$210 thousand
Running the government and other costs
16%$453 thousand
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$264 thousand
  • Central staff services (personnel, purchasing, technology)$125 thousand
  • Finance, tax collection and budgeting$55 thousand
  • Government buildings$9 thousand
Interest on debt
3.6%$98 thousand
Police, fire, courts and jails
3.2%$88 thousand
What's in police, fire, courts and jailsCourts and legal services and fire protection
  • Courts and legal services$82 thousand
  • Fire protection$6 thousand
Parks, recreation and libraries
2.6%$72 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$70 thousand
  • Parks and recreation$2 thousand
Sent to other local governments
1.2%$32 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$32 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Milford. 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 Milford 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.