Township government · Bergen County, NJ

Teaneck Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Teaneck Township took in $69.9 million and spent $57.6 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

Township taxes90%Fines and other4.7%Federal tax money3.4%Fees for services (sewer, parking)1.7%State tax money0.5%

What stands out

85%

of Teaneck Township's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Township taxes90%

Property tax
85%$59.2 million
Other taxes
4.9%$3.4 million
What's in other taxesOther licenses; other selective sales taxes and 2 more
  • Other licenses$2.3 million
  • Other selective sales taxes$531 thousand
  • Public utility taxes$466 thousand
  • Alcoholic beverage licenses$70 thousand

Amounts are by Census tax category.

Fees for services1.7%

Fees for services
1.7%$1.2 million
What's in fees for servicesSewer and parking
  • Sewer$1.2 million
  • Parking$36 thousand

Amounts are by Census type of charge.

Federal tax money3.4%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government
3.4%$2.4 million

State tax money0.5%

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

From the state
0.5%$351 thousand

Fines and other4.7%

Interest, rents and other
4.1%$2.9 million
Fines
0.6%$445 thousand

Where it goes

Police, fire, courts and jails46%Running the government and other costs21%Roads, transit and parking14%Water, sewer, trash and utilities9.0%Parks, recreation and libraries7.7%All other spending2.8%

What stands out

46%

of Teaneck Township's spending goes to police, fire, courts and jails.A typical U.S. township or town of 10,000 to 50,000 people spends 16%.

Spending by category100%

Police, fire, courts and jails
46%$26.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$13.9 million
  • Fire protection$11.1 million
  • Courts and legal services$1.7 million
Running the government and other costs
21%$11.8 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$9.2 million
  • Finance, tax collection and budgeting$1.3 million
  • Central staff services (personnel, purchasing, technology)$1.2 million
  • Government buildings$150 thousand
Roads, transit and parking
14%$7.8 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$7.1 million
  • Parking$680 thousand
Water, sewer, trash and utilities
9.0%$5.2 million
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$5.2 million
Parks, recreation and libraries
7.7%$4.5 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$2.5 million
  • Parks and recreation$2.0 million
Health and hospitals
1.7%$992 thousand
What's in health and hospitalsPublic health
  • Public health$992 thousand
Interest on debt
1.1%$610 thousand
Sources and moreWhere these numbers come from and what they cover

Teaneck Township. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of Teaneck Township 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.