Borough government · Bergen County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), New Milford took in $19.3 million and spent $19.2 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 taxes98%Fines and other1.5%State tax money0.6%Fees for services (parks and recreation)0.1%

What stands out

98%

of New Milford's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Borough taxes98%

Property tax
98%$18.9 million
Other taxes
0.1%$20 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$20 thousand

Amounts are by Census tax category.

Fees for services0.1%

Fees for services
0.1%$21 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$21 thousand

Amounts are by Census type of charge.

State tax money0.6%

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

From the state
0.6%$110 thousand

Fines and other1.5%

Fines
1.5%$286 thousand
Interest, rents and other
<0.1%$8 thousand

Where it goes

Running the government and other costs44%Police, fire, courts and jails30%Roads, transit and parking11%Water, sewer, trash and utilities6.3%Parks, recreation and libraries5.5%All other spending4.6%

What stands out

44%

of New Milford's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
44%$8.3 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$7.2 million
  • Central staff services (personnel, purchasing, technology)$629 thousand
  • Finance, tax collection and budgeting$330 thousand
  • Government buildings$188 thousand
Police, fire, courts and jails
30%$5.7 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$5.1 million
  • Fire protection$203 thousand
  • Courts and legal services$166 thousand
  • Inspections and regulation$152 thousand
Roads, transit and parking
11%$2.0 million
What's in roads, transit and parkingToll roads and bridges
  • Toll roads and bridges$2.0 million
Water, sewer, trash and utilities
6.3%$1.2 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.2 million
Parks, recreation and libraries
5.5%$1.0 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$796 thousand
  • Parks and recreation$252 thousand
Interest on debt
2.5%$474 thousand
Health and hospitals
2.1%$411 thousand
What's in health and hospitalsPublic health
  • Public health$411 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of New Milford. 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 New 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.