Township government · Monmouth County, NJ

Millstone Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Millstone Township took in $50.9 million and spent $6.7 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Township taxes97%Fines and other2.7%Federal tax money0.5%State tax money<0.1%

What stands out

96%

of Millstone Township's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Township taxes97%

Property tax
96%$49.1 million
Other taxes
0.4%$215 thousand
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$141 thousand
  • Other licenses$64 thousand
  • Alcoholic beverage licenses$10 thousand

Amounts are by Census tax category.

Federal tax money0.5%

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

From the federal government
0.5%$244 thousand

State tax money<0.1%

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

From the state
<0.1%$30 thousand

Fines and other2.7%

Interest, rents and other
2.7%$1.4 million

Where it goes

The Census record for this side looks incomplete, so these figures may be lower than the government's own totals.

Running the government and other costs57%Roads, transit and parking12%Interest on debt11%Police, fire, courts and jails8.9%Water, sewer, trash and utilities5.5%All other spending6.7%

Spending by category100%

Running the government and other costs
57%$3.8 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$2.6 million
  • Central staff services (personnel, purchasing, technology)$442 thousand
  • Finance, tax collection and budgeting$414 thousand
  • Government buildings$308 thousand
Roads, transit and parking
12%$770 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$770 thousand
Interest on debt
11%$703 thousand
Police, fire, courts and jails
8.9%$595 thousand
What's in police, fire, courts and jailsInspections and regulation and prisons and jails
  • Inspections and regulation$462 thousand
  • Prisons and jails$133 thousand
Water, sewer, trash and utilities
5.5%$365 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$365 thousand
Housing and community development
3.9%$258 thousand
Parks, recreation and libraries
1.9%$126 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$126 thousand
Environment and natural resources
0.5%$36 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$36 thousand
Health and hospitals
0.4%$24 thousand
What's in health and hospitalsPublic health
  • Public health$24 thousand
Sources and moreWhere these numbers come from and what they cover

Millstone Township. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Millstone Township 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.