School district · Somerset County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Somerville Borough School District took in $56.7 million and spent $63.0 million.

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

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Where it comes from

School district taxes47%State tax money27%County and local tax money21%Fines and other2.5%Fees for services (school lunches, school tuition and transportation)2.3%

What stands out

21%

of Somerville Borough School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes47%

Property tax
47%$26.6 million

Fees for services2.3%

Fees for services
2.3%$1.3 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$614 thousand
  • School lunches$464 thousand
  • School tuition and transportation$213 thousand

Amounts are by Census type of charge.

State tax money27%

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

From the state
27%$15.4 million

County and local tax money21%

Money passed on by the county or other local governments.

From the county and other local governments
21%$12.1 million

Fines and other2.5%

Interest, rents and other
2.5%$1.4 million

Where it goes

Schools and colleges99%Sent to other local governments0.9%Interest on debt0.4%

Spending by category100%

Schools and colleges
99%$62.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$62.2 million
Sent to other local governments
0.9%$555 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$461 thousand
  • Sent to the state government$94 thousand
Interest on debt
0.4%$248 thousand
Sources and moreWhere these numbers come from and what they cover

Somerville 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 Somerville 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.