Borough government · Somerset County, NJ

Peapack and Gladstone's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Peapack and Gladstone took in $9.4 million and spent $6.5 million.

Latest recorded year: ended December 31, 2021Estimated by the U.S. Census BureauComes fromGoes to

See every government that serves your ZIP

Where it comes from

Borough taxes76%Fees for services (sewer)16%Fines and other5.9%State tax money1.7%

What stands out

74%

of Peapack and Gladstone's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes76%

Property tax
74%$7.0 million
Other taxes
1.8%$173 thousand
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$155 thousand
  • Alcoholic beverage licenses$18 thousand

Amounts are by Census tax category.

Fees for services16%

Fees for services
16%$1.5 million
What's in fees for servicesSewer and other service charges
  • Sewer$1.5 million
  • Other service charges$22 thousand

Amounts are by Census type of charge.

State tax money1.7%

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

From the state
1.7%$162 thousand

Fines and other5.9%

Interest, rents and other
3.9%$365 thousand
Fines
2.0%$185 thousand

Where it goes

Running the government and other costs40%Police, fire, courts and jails25%Water, sewer, trash and utilities22%Roads, transit and parking5.8%Interest on debt2.3%All other spending4.0%

What stands out

25%

of Peapack and Gladstone's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
40%$2.6 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$1.7 million
  • Central staff services (personnel, purchasing, technology)$346 thousand
  • Government buildings$338 thousand
  • Finance, tax collection and budgeting$292 thousand
Police, fire, courts and jails
25%$1.7 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$1.1 million
  • Courts and legal services$249 thousand
  • Fire protection$211 thousand
  • Inspections and regulation$101 thousand
Water, sewer, trash and utilities
22%$1.5 million
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$1.4 million
  • Garbage and solid waste$111 thousand
Roads, transit and parking
5.8%$379 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$379 thousand
Interest on debt
2.3%$149 thousand
Health and hospitals
2.1%$139 thousand
What's in health and hospitalsPublic health
  • Public health$139 thousand
Parks, recreation and libraries
1.7%$111 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$99 thousand
  • Libraries$12 thousand
Social services
0.1%$9 thousand
What's in social servicesOther public welfare
  • Other public welfare$9 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Peapack and Gladstone. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Peapack and Gladstone 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.