School district · Bergen County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Paramus Borough School District took in $116 million and spent $134 million.

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

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Where it comes from

School district taxes75%State tax money13%County and local tax money7.2%Fines and other2.4%Fees for services (school lunches, school tuition and transportation)2.4%

What stands out

75%

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

School district taxes75%

Property tax
75%$87.4 million

Fees for services2.4%

Fees for services
2.4%$2.8 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$1.1 million
  • Other school charges$878 thousand
  • School tuition and transportation$816 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$14.8 million

County and local tax money7.2%

Money passed on by the county or other local governments.

From the county and other local governments
7.2%$8.4 million

Fines and other2.4%

Interest, rents and other
2.4%$2.8 million

Where it goes

Schools and colleges96%Sent to other local governments3.8%Interest on debt<0.1%

Spending by category100%

Schools and colleges
96%$129 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$129 million
Sent to other local governments
3.8%$5.0 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$5.0 million
  • Sent to the state government$52 thousand
Interest on debt
<0.1%$100 thousand
Sources and moreWhere these numbers come from and what they cover

Paramus 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 Paramus 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.