Borough government · Monmouth County, NJ

Spring Lake's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Spring Lake took in $21.3 million and spent $16.2 million.

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

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Where it comes from

Borough taxes52%Fees for services (parks and recreation, sewer)42%Fines and other5.3%State tax money1.3%

What stands out

49%

of Spring Lake's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

Borough taxes52%

Property tax
49%$10.5 million
Other taxes
2.7%$567 thousand
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$301 thousand
  • Other licenses$258 thousand
  • Alcoholic beverage licenses$8 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$8.9 million
What's in fees for servicesParks and recreation; other service charges and 2 more
  • Parks and recreation$3.2 million
  • Other service charges$2.6 million
  • Sewer$1.6 million
  • Water$1.5 million

Amounts are by Census type of charge.

State tax money1.3%

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

From the state
1.3%$278 thousand

Fines and other5.3%

Interest, rents and other
4.6%$978 thousand
Fines
0.7%$152 thousand

Where it goes

Running the government and other costs38%Parks, recreation and libraries25%Police, fire, courts and jails16%Water, sewer, trash and utilities14%Sent to other local governments4.9%All other spending3.3%

What stands out

25%

of Spring Lake's spending goes to parks, recreation and libraries.A typical U.S. city, town or village of under 10,000 people spends 2.2%.

Spending by category100%

Running the government and other costs
38%$6.1 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$5.4 million
  • Central staff services (personnel, purchasing, technology)$442 thousand
  • Finance, tax collection and budgeting$249 thousand
  • Government buildings$43 thousand
Parks, recreation and libraries
25%$4.0 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.6 million
  • Libraries$342 thousand
Police, fire, courts and jails
16%$2.6 million
What's in police, fire, courts and jailsPolice; inspections and regulation and 2 more
  • Police$2.0 million
  • Inspections and regulation$310 thousand
  • Courts and legal services$187 thousand
  • Fire protection$79 thousand
Water, sewer, trash and utilities
14%$2.2 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.1 million
  • Water supply$956 thousand
  • Garbage and solid waste$179 thousand
Sent to other local governments
4.9%$801 thousand
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$743 thousand
  • Sent to the state government$58 thousand
Interest on debt
1.9%$309 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$238 thousand
  • Interest on water supply debt$71 thousand
Roads, transit and parking
0.7%$118 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$118 thousand
Health and hospitals
0.6%$100 thousand
What's in health and hospitalsPublic health
  • Public health$100 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Spring Lake. 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 Borough of Spring Lake 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.