School district · Essex County, NJ

Newark City School System's money: where it comes from and where it goes

In the latest recorded fiscal year, Newark City School System took in $1.67 billion and spent $1.79 billion.

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Where it comes from

State tax money89%School district taxes8.3%Fines and other1.8%County and local tax money0.8%Fees for services (school lunches)0.4%

What stands out

89%

of Newark City School System's money comes from state tax money.A typical school district with 25,000+ students gets 55%.

School district taxes8.3%

Property tax

8.3%$138 million

Fees for services0.4%

Fees for services

0.4%$7.0 million

What's in fees for servicesOther school charges and school lunches

Other school charges$6.2 million
School lunches$813 thousand

Amounts are by Census type of charge.

State tax money89%

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

From the state

89%$1.48 billion

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments

0.8%$12.8 million

Fines and other1.8%

Interest, rents and other

1.8%$30.4 million

Where it goes

Schools and colleges98%Sent to other local governments2.0%Interest on debt0.3%

Spending by category100%

Schools and colleges

98%$1.75 billion

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$1.75 billion

Sent to other local governments

2.0%$36.4 million

What's in sent to other local governmentsSent to school districts and sent to the state government

Sent to school districts$35.5 million
Sent to the state government$890 thousand

Interest on debt

0.3%$5.7 million

Sources and moreWhere these numbers come from and what they cover

Newark City School System. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file.

What this covers. The money of Newark City School System 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.