Borough government · Bergen County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Paramus took in $72.6 million and spent $62.3 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Borough taxes87%Fees for services (parks and recreation, sewer)10%Fines and other2.9%

What stands out

80%

of Paramus' money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Borough taxes87%

Property tax
80%$58.4 million
Other taxes
6.6%$4.8 million
What's in other taxesOther licenses; occupation and business licenses and 3 more
  • Other licenses$3.5 million
  • Occupation and business licenses$502 thousand
  • Public utility taxes$351 thousand
  • Other selective sales taxes$344 thousand
  • Alcoholic beverage licenses$102 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$7.3 million
What's in fees for servicesParks and recreation; other service charges and 2 more
  • Parks and recreation$4.5 million
  • Other service charges$1.4 million
  • Sewer$1.2 million
  • Garbage collection$176 thousand

Amounts are by Census type of charge.

Fines and other2.9%

Interest, rents and other
2.1%$1.6 million
Fines
0.8%$578 thousand

Where it goes

Police, fire, courts and jails40%Running the government and other costs32%Parks, recreation and libraries16%Water, sewer, trash and utilities5.2%Roads, transit and parking4.3%All other spending2.6%

What stands out

16%

of Paramus' spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Police, fire, courts and jails
40%$25.2 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$20.4 million
  • Fire protection$2.7 million
  • Courts and legal services$1.9 million
  • Inspections and regulation$214 thousand
Running the government and other costs
32%$19.8 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$16.5 million
  • Finance, tax collection and budgeting$1.2 million
  • Government buildings$1.1 million
  • Central staff services (personnel, purchasing, technology)$1.0 million
Parks, recreation and libraries
16%$9.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$6.2 million
  • Libraries$3.6 million
Water, sewer, trash and utilities
5.2%$3.3 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$3.3 million
Roads, transit and parking
4.3%$2.7 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.7 million
Health and hospitals
1.6%$968 thousand
What's in health and hospitalsPublic health
  • Public health$968 thousand
Interest on debt
0.6%$376 thousand
Social services
0.4%$249 thousand
What's in social servicesOther public welfare
  • Other public welfare$249 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Paramus. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Borough of Paramus 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.