School district · Passaic County, NJ

Passaic City School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Passaic City School District took in $377 million and spent $430 million.

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

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Where it comes from

State tax money93%School district taxes4.6%Fines and other2.2%Fees for services (school lunches)0.4%

What stands out

4.6%

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

School district taxes4.6%

Property tax
4.6%$17.2 million

Fees for services0.4%

Fees for services
0.4%$1.4 million
What's in fees for servicesSchool lunches and other school charges
  • School lunches$939 thousand
  • Other school charges$479 thousand

Amounts are by Census type of charge.

State tax money93%

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

From the state
93%$350 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%$143 thousand

Fines and other2.2%

Interest, rents and other
2.2%$8.2 million

Where it goes

Schools and colleges98%Sent to other local governments2.3%

Spending by category100%

Schools and colleges
98%$421 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$421 million
Sent to other local governments
2.3%$9.8 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$9.6 million
  • Sent to the state government$199 thousand
Sources and moreWhere these numbers come from and what they cover

Passaic City 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 Passaic City 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.