School district · Morris County, NJ

Rockaway Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Rockaway Borough School District took in $13.3 million and spent $16.3 million.

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

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Where it comes from

School district taxes71%State tax money25%County and local tax money2.0%Fees for services (school lunches, school tuition and transportation)1.7%Fines and other0.5%

What stands out

71%

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

School district taxes71%

Property tax
71%$9.4 million

Fees for services1.7%

Fees for services
1.7%$226 thousand
What's in fees for servicesSchool lunches and school tuition and transportation
  • School lunches$174 thousand
  • School tuition and transportation$52 thousand

Amounts are by Census type of charge.

State tax money25%

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

From the state
25%$3.3 million

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$272 thousand

Fines and other0.5%

Interest, rents and other
0.5%$66 thousand

Where it goes

Schools and colleges97%Interest on debt2.3%Sent to other local governments1.0%

Spending by category100%

Schools and colleges
97%$15.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$15.7 million
Interest on debt
2.3%$381 thousand
Sent to other local governments
1.0%$161 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$158 thousand
  • Sent to the state government$3 thousand
Sources and moreWhere these numbers come from and what they cover

Rockaway 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 Rockaway 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.