School district · Bergen County, NJ

Old Tappan Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Old Tappan Borough School District took in $20.3 million and spent $20.4 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes84%State tax money8.2%Fines and other7.1%Fees for services (school tuition and transportation)1.1%

What stands out

84%

of Old Tappan Borough School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes84%

Property tax
84%$16.9 million

Fees for services1.1%

Fees for services
1.1%$228 thousand
What's in fees for servicesOther school charges and school tuition and transportation
  • Other school charges$184 thousand
  • School tuition and transportation$44 thousand

Amounts are by Census type of charge.

State tax money8.2%

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

From the state
8.2%$1.7 million

Fines and other7.1%

Interest, rents and other
7.1%$1.4 million

Where it goes

Schools and colleges96%Sent to other local governments4.0%

Spending by category100%

Schools and colleges
96%$19.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$19.5 million
Sent to other local governments
4.0%$814 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$814 thousand
Sources and moreWhere these numbers come from and what they cover

Old Tappan Borough 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 Old Tappan Borough 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.