School district · Passaic County, NJ
Prospect Park Borough School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Prospect Park Borough School District took in $23.1 million and spent $27.2 million.
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Where it comes from
What stands out
of Prospect Park Borough School District's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.
School district taxes14%
Fees for services0.2%
What's in fees for servicesSchool lunches and other school charges
- School lunches$21 thousand
- Other school charges$14 thousand
Amounts are by Census type of charge.
State tax money85%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other0.6%
Where it goes
What stands out
of Prospect Park Borough School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$25.6 million
What's in sent to other local governmentsSent to school districts and sent to the state government
- Sent to school districts$1.5 million
- Sent to the state government$77 thousand
Sources and moreWhere these numbers come from and what they cover
Prospect Park Borough 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 Prospect Park Borough 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.