Borough government · Passaic County, NJ

Ringwood's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Ringwood took in $60.9 million and spent $16.9 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Borough taxes97%State tax money1.3%Fines and other1.2%County and local tax money0.2%

What stands out

97%

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

Borough taxes97%

Property tax
97%$59.2 million
Other taxes
<0.1%$5 thousand
What's in other taxesAlcoholic beverage licenses
  • Alcoholic beverage licenses$5 thousand

Amounts are by Census tax category.

State tax money1.3%

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

From the state
1.3%$805 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$147 thousand

Fines and other1.2%

Interest, rents and other
1.1%$644 thousand
Fines
0.1%$91 thousand

Where it goes

Running the government and other costs43%Police, fire, courts and jails25%Water, sewer, trash and utilities20%Parks, recreation and libraries7.8%Health and hospitals1.8%Interest on debt1.4%

What stands out

43%

of Ringwood's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
43%$7.3 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$4.6 million
  • Government buildings$1.8 million
  • Central staff services (personnel, purchasing, technology)$477 thousand
  • Finance, tax collection and budgeting$439 thousand
Police, fire, courts and jails
25%$4.3 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$3.5 million
  • Fire protection$420 thousand
  • Inspections and regulation$230 thousand
  • Courts and legal services$155 thousand
Water, sewer, trash and utilities
20%$3.4 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$1.6 million
  • Garbage and solid waste$1.6 million
  • Sewer systems$208 thousand
Parks, recreation and libraries
7.8%$1.3 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$685 thousand
  • Libraries$639 thousand
Health and hospitals
1.8%$298 thousand
What's in health and hospitalsPublic health
  • Public health$298 thousand
Interest on debt
1.4%$237 thousand
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$122 thousand
  • Interest on general debt$115 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Ringwood. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Borough of Ringwood 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.