School district · Somerset County, NJ
Montgomery Township School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Montgomery Township School District took in $113 million and spent $129 million.
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Where it comes from
What stands out
of Montgomery Township School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.
School district taxes83%
Fees for services3.2%
What's in fees for servicesOther school charges; school lunches and 1 more
- Other school charges$1.7 million
- School lunches$1.7 million
- School tuition and transportation$248 thousand
Amounts are by Census type of charge.
State tax money12%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other1.1%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$126 million
What's in sent to other local governmentsSent to school districts and sent to the state government
- Sent to school districts$2.2 million
- Sent to the state government$159 thousand
Sources and moreWhere these numbers come from and what they cover
Montgomery Township School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.
What this covers. The money of Montgomery Township School District 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.