School district · Monmouth County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Shrewsbury Borough School District took in $12.6 million and spent $19.9 million.

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

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Where it comes from

School district taxes84%State tax money11%Fines and other3.5%Fees for services (school tuition and transportation, school lunches)1.7%

What stands out

84%

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

School district taxes84%

Property tax
84%$10.6 million

Fees for services1.7%

Fees for services
1.7%$215 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$102 thousand
  • Other school charges$102 thousand
  • School lunches$11 thousand

Amounts are by Census type of charge.

State tax money11%

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

From the state
11%$1.4 million

Fines and other3.5%

Interest, rents and other
3.5%$445 thousand

Where it goes

Schools and colleges94%Interest on debt5.7%Sent to other local governments0.4%

What stands out

5.7%

of Shrewsbury Borough School District's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
94%$18.7 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$18.7 million
Interest on debt
5.7%$1.1 million
Sent to other local governments
0.4%$81 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$70 thousand
  • Sent to the state government$11 thousand
Sources and moreWhere these numbers come from and what they cover

Shrewsbury 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 Shrewsbury 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.