City government · Essex County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Newark took in $797 million and spent $825 million.

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

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Where it comes from

City taxes35%Federal tax money25%Fees for services (sewer, water)23%State tax money14%Fines and other3.8%

What stands out

25%

of Newark's money comes from federal tax money.A typical U.S. city of 50,000+ people gets 3.6%.

City taxes35%

Property tax
32%$251 million
Other taxes
3.1%$24.8 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$14.5 million
  • Other selective sales taxes$7.8 million
  • Public utility taxes$1.6 million
  • Alcoholic beverage licenses$850 thousand

Amounts are by Census tax category.

Fees for services23%

Fees for services
23%$186 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$71.3 million
  • Water$60.7 million
  • Housing$35.1 million
  • Parking$7.1 million
  • Other service charges$5.1 million
  • Garbage collection$4.2 million
  • Parks and recreation$1.6 million
  • Road charges$817 thousand

Amounts are by Census type of charge.

Federal tax money25%

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

From the federal government
25%$196 million

State tax money14%

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

From the state
14%$108 million

Fines and other3.8%

Interest, rents and other
2.9%$22.8 million
Fines
1.0%$7.8 million

Where it goes

Police, fire, courts and jails31%Housing and community development24%Running the government and other costs19%Water, sewer, trash and utilities17%Roads, transit and parking3.4%All other spending4.9%

What stands out

24%

of Newark's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Police, fire, courts and jails
31%$260 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$159 million
  • Fire protection$88.4 million
  • Courts and legal services$12.1 million
Housing and community development
24%$197 million
Running the government and other costs
19%$158 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$112 million
  • Central staff services (personnel, purchasing, technology)$17.9 million
  • Government buildings$15.0 million
  • Finance, tax collection and budgeting$12.5 million
Water, sewer, trash and utilities
17%$142 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$58.8 million
  • Water supply$53.3 million
  • Garbage and solid waste$29.8 million
Roads, transit and parking
3.4%$28.2 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$23.5 million
  • Parking$4.8 million
Parks, recreation and libraries
2.8%$23.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$12.3 million
  • Libraries$10.9 million
Interest on debt
1.4%$11.3 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$10.4 million
  • Interest on water supply debt$866 thousand
Health and hospitals
0.7%$5.9 million
What's in health and hospitalsPublic health
  • Public health$5.9 million
Sources and moreWhere these numbers come from and what they cover

City of Newark. 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 City of Newark 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.