School district · Morris County, NJ

Pequannock Township School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Pequannock Township School District took in $48.2 million and spent $57.9 million.

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

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Where it comes from

School district taxes82%State tax money11%Fees for services (school lunches, school tuition and transportation)3.3%County and local tax money1.9%Fines and other1.5%

What stands out

82%

of Pequannock Township School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes82%

Property tax
82%$39.6 million

Fees for services3.3%

Fees for services
3.3%$1.6 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$853 thousand
  • Other school charges$521 thousand
  • School tuition and transportation$212 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$5.3 million

County and local tax money1.9%

Money passed on by the county or other local governments.

From the county and other local governments
1.9%$938 thousand

Fines and other1.5%

Interest, rents and other
1.5%$743 thousand

Where it goes

Schools and colleges97%Sent to other local governments2.0%Interest on debt0.6%

Spending by category100%

Schools and colleges
97%$56.3 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$56.3 million
Sent to other local governments
2.0%$1.2 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.2 million
  • Sent to the state government$3 thousand
Interest on debt
0.6%$367 thousand
Sources and moreWhere these numbers come from and what they cover

Pequannock Township 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 Pequannock Township 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.