Township government · Morris County, NJ

Parsippany-Troy Hills Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Parsippany-Troy Hills Township took in $126 million and spent $81.7 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Township taxes53%Fees for services (sewer, water)34%Fines and other6.0%State tax money3.6%Federal tax money3.1%County and local tax money0.2%

What stands out

34%

of Parsippany-Troy Hills Township's money comes from fees for services such as water, sewer and parking.A typical U.S. township or town of 50,000+ people gets 4.5%.

Township taxes53%

Property tax
50%$63.7 million
Other taxes
2.8%$3.6 million
What's in other taxesOther selective sales taxes; other licenses and 2 more
  • Other selective sales taxes$2.0 million
  • Other licenses$1.2 million
  • Public utility licenses$251 thousand
  • Alcoholic beverage licenses$91 thousand

Amounts are by Census tax category.

Fees for services34%

Fees for services
34%$42.8 million
What's in fees for servicesSewer; water and 3 more
  • Sewer$21.8 million
  • Water$12.9 million
  • Other service charges$6.2 million
  • Garbage collection$1.8 million
  • Parks and recreation$223 thousand

Amounts are by Census type of charge.

Federal tax money3.1%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.1%$3.9 million

State tax money3.6%

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

From the state
3.6%$4.6 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$268 thousand

Fines and other6.0%

Interest, rents and other
5.8%$7.4 million
Fines
0.2%$222 thousand

Where it goes

Water, sewer, trash and utilities41%Police, fire, courts and jails29%Parks, recreation and libraries9.5%Running the government and other costs9.4%Interest on debt6.8%All other spending4.2%

What stands out

41%

of Parsippany-Troy Hills Township's spending goes to water, sewer, trash and other utilities.Most U.S. townships and towns of 50,000+ people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
41%$33.7 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$17.9 million
  • Water supply$11.5 million
  • Garbage and solid waste$4.3 million
Police, fire, courts and jails
29%$23.6 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$21.0 million
  • Inspections and regulation$1.6 million
  • Courts and legal services$594 thousand
  • Fire protection$371 thousand
Parks, recreation and libraries
9.5%$7.8 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$4.2 million
  • Libraries$3.6 million
Running the government and other costs
9.4%$7.7 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$4.5 million
  • Central staff services (personnel, purchasing, technology)$2.0 million
  • Finance, tax collection and budgeting$831 thousand
  • Government buildings$435 thousand
Interest on debt
6.8%$5.6 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$4.4 million
  • Interest on water supply debt$1.1 million
Roads, transit and parking
2.5%$2.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.1 million
Health and hospitals
0.8%$661 thousand
What's in health and hospitalsPublic health
  • Public health$661 thousand
Social services
0.7%$586 thousand
What's in social servicesWelfare institutions
  • Welfare institutions$586 thousand
Sent to other local governments
0.1%$89 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$89 thousand
Sources and moreWhere these numbers come from and what they cover

Parsippany-Troy Hills Township. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Parsippany-Troy Hills Township 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.