School district · Morris County, NJ

Parsippany Troy Hills School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Parsippany Troy Hills School District took in $178 million and spent $217 million.

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

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Where it comes from

School district taxes86%State tax money10%Fees for services (school lunches, school tuition and transportation)2.8%Fines and other0.5%

What stands out

86%

of Parsippany Troy Hills School District's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes86%

Property tax
86%$154 million

Fees for services2.8%

Fees for services
2.8%$5.0 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$2.8 million
  • School lunches$1.9 million
  • School tuition and transportation$290 thousand

Amounts are by Census type of charge.

State tax money10%

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

From the state
10%$18.4 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$41 thousand

Fines and other0.5%

Interest, rents and other
0.5%$947 thousand

Where it goes

Schools and colleges95%Sent to other local governments4.3%Interest on debt0.5%

What stands out

4.3%

of Parsippany Troy Hills School District's spending goes to local governments.Most school districts with 5,000 to 25,000 students spend nothing on this.

Spending by category100%

Schools and colleges
95%$207 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$207 million
Sent to other local governments
4.3%$9.4 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$9.3 million
  • Sent to the state government$47 thousand
Interest on debt
0.5%$1.0 million
Sources and moreWhere these numbers come from and what they cover

Parsippany Troy Hills 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 Parsippany Troy Hills 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.