Borough government · Bergen County, NJ

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

In the latest recorded fiscal year (ended December 31, 2021), Norwood took in $33.0 million and spent $17.6 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

Borough taxes100%Fines and other0.5%

What stands out

100%

of Norwood's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes100%

Property tax
100%$32.9 million

Fines and other0.5%

Fines
0.4%$137 thousand
Interest, rents and other
<0.1%$28 thousand

Where it goes

Running the government and other costs77%Police, fire, courts and jails15%Water, sewer, trash and utilities3.5%Parks, recreation and libraries3.0%Interest on debt1.6%

What stands out

77%

of Norwood's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
77%$13.6 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 1 more
  • Other and not broken out$13.0 million
  • Central staff services (personnel, purchasing, technology)$343 thousand
  • Finance, tax collection and budgeting$264 thousand
Police, fire, courts and jails
15%$2.6 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$2.4 million
  • Fire protection$102 thousand
  • Courts and legal services$74 thousand
Water, sewer, trash and utilities
3.5%$610 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$595 thousand
  • Sewer systems$15 thousand
Parks, recreation and libraries
3.0%$519 thousand
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$463 thousand
  • Parks and recreation$56 thousand
Interest on debt
1.6%$280 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Norwood. 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 Norwood 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.