Borough government · Monmouth County, NJ

Red Bank's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Red Bank took in $29.1 million and spent $24.9 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes58%Fees for services (water, sewer)25%Federal tax money13%Fines and other2.5%State tax money0.7%County and local tax money0.1%

What stands out

55%

of Red Bank's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

Borough taxes58%

Property tax
55%$16.0 million
Other taxes
3.5%$1.0 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$750 thousand
  • Public utility taxes$192 thousand
  • Alcoholic beverage licenses$91 thousand

Amounts are by Census tax category.

Fees for services25%

Fees for services
25%$7.4 million
What's in fees for servicesWater; sewer and 2 more
  • Water$3.6 million
  • Sewer$3.2 million
  • Housing$524 thousand
  • Parks and recreation$81 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$3.8 million

State tax money0.7%

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

From the state
0.7%$192 thousand

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$38 thousand

Fines and other2.5%

Fines
1.8%$521 thousand
Interest, rents and other
0.7%$196 thousand

Where it goes

Police, fire, courts and jails27%Running the government and other costs26%Housing and community development13%Water, sewer, trash and utilities12%Interest on debt8.7%All other spending14%

What stands out

13%

of Red Bank's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Police, fire, courts and jails
27%$6.7 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$5.5 million
  • Inspections and regulation$715 thousand
  • Courts and legal services$358 thousand
  • Fire protection$154 thousand
Running the government and other costs
26%$6.5 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$5.6 million
  • Central staff services (personnel, purchasing, technology)$395 thousand
  • Finance, tax collection and budgeting$337 thousand
  • Government buildings$168 thousand
Housing and community development
13%$3.3 million
Water, sewer, trash and utilities
12%$2.9 million
What's in water, sewer, trash and utilitiesGarbage and solid waste; sewer systems and 1 more
  • Garbage and solid waste$1.4 million
  • Sewer systems$760 thousand
  • Water supply$760 thousand
Interest on debt
8.7%$2.2 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.8 million
  • Interest on water supply debt$324 thousand
Roads, transit and parking
8.6%$2.2 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$1.6 million
  • Parking$530 thousand
Parks, recreation and libraries
4.5%$1.1 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$834 thousand
  • Parks and recreation$288 thousand
Health and hospitals
0.5%$119 thousand
What's in health and hospitalsPublic health
  • Public health$119 thousand
Sent to other local governments
0.1%$25 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$25 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Red Bank. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Red Bank 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.