City government · Atlantic County, NJ

Somers Point's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Somers Point took in $38.7 million and spent $2.4 million.

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

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Where it comes from

City taxes90%Fees for services (sewer)5.3%State tax money2.9%Fines and other1.5%

What stands out

89%

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

City taxes90%

Property tax
89%$34.4 million
Other taxes
1.4%$544 thousand
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$354 thousand
  • Other selective sales taxes$167 thousand
  • Alcoholic beverage licenses$22 thousand
  • Amusement licenses$1 thousand

Amounts are by Census tax category.

Fees for services5.3%

Fees for services
5.3%$2.0 million
What's in fees for servicesSewer and other service charges
  • Sewer$2.0 million
  • Other service charges$55 thousand

Amounts are by Census type of charge.

State tax money2.9%

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

From the state
2.9%$1.1 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$7 thousand

Fines and other1.5%

Interest, rents and other
1.1%$407 thousand
Fines
0.5%$186 thousand

Where it goes

The Census record for this side looks incomplete, so these figures may be lower than the government's own totals.

Sent to other local governments83%Interest on debt17%

Spending by category100%

Sent to other local governments
83%$2.0 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to the state government
  • Sent to local governments: other and not broken out$2.0 million
  • Sent to the state government$2 thousand
Interest on debt
17%$415 thousand
Sources and moreWhere these numbers come from and what they cover

City of Somers Point. 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 City of Somers Point 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.