Borough government · Passaic County, NJ

Prospect Park's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Prospect Park took in $6.7 million and spent $5.6 million.

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

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Where it comes from

Borough taxes85%Fines and other10%State tax money3.9%Fees for services (garbage collection, parks and recreation)0.5%Federal tax money<0.1%

What stands out

84%

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

Borough taxes85%

Property tax
84%$5.7 million
Other taxes
1.5%$101 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$54 thousand
  • Public utility taxes$47 thousand

Amounts are by Census tax category.

Fees for services0.5%

Fees for services
0.5%$33 thousand
What's in fees for servicesGarbage collection; other service charges and 2 more
  • Garbage collection$17 thousand
  • Other service charges$8 thousand
  • Parks and recreation$7 thousand
  • Sewer$1 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$6 thousand

State tax money3.9%

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

From the state
3.9%$261 thousand

Fines and other10%

Fines
5.4%$361 thousand
Interest, rents and other
4.9%$330 thousand

Where it goes

Police, fire, courts and jails43%Running the government and other costs36%Water, sewer, trash and utilities8.3%Roads, transit and parking6.4%Sent to other local governments2.0%All other spending4.2%

What stands out

43%

of Prospect Park'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%

Police, fire, courts and jails
43%$2.4 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$2.0 million
  • Courts and legal services$242 thousand
  • Inspections and regulation$80 thousand
  • Fire protection$72 thousand
Running the government and other costs
36%$2.0 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$1.6 million
  • Central staff services (personnel, purchasing, technology)$196 thousand
  • Finance, tax collection and budgeting$117 thousand
  • Government buildings$100 thousand
Water, sewer, trash and utilities
8.3%$461 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste and sewer systems
  • Garbage and solid waste$459 thousand
  • Sewer systems$2 thousand
Roads, transit and parking
6.4%$355 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$355 thousand
Sent to other local governments
2.0%$111 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$111 thousand
Interest on debt
1.9%$105 thousand
Health and hospitals
1.4%$79 thousand
What's in health and hospitalsPublic health
  • Public health$79 thousand
Parks, recreation and libraries
0.9%$50 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$50 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Prospect Park. 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 Prospect Park 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.