Borough government · Bergen County, NJ

Tenafly's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Tenafly took in $29.5 million and spent $16.4 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes94%State tax money4.0%Fines and other1.9%Fees for services (sewer)0.3%

What stands out

90%

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

Borough taxes94%

Property tax
90%$26.6 million
Other taxes
3.7%$1.1 million
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$867 thousand
  • Public utility taxes$169 thousand
  • Other selective sales taxes$44 thousand
  • Alcoholic beverage licenses$27 thousand

Amounts are by Census tax category.

Fees for services0.3%

Fees for services
0.3%$81 thousand
What's in fees for servicesOther service charges and sewer
  • Other service charges$62 thousand
  • Sewer$19 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$2 thousand

State tax money4.0%

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

From the state
4.0%$1.2 million

Fines and other1.9%

Interest, rents and other
1.6%$481 thousand
Fines
0.3%$83 thousand

Where it goes

Police, fire, courts and jails47%Roads, transit and parking16%Running the government and other costs14%Parks, recreation and libraries11%Water, sewer, trash and utilities8.8%All other spending4.4%

What stands out

47%

of Tenafly's spending goes to police, fire, courts and jails.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Police, fire, courts and jails
47%$7.6 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$6.3 million
  • Fire protection$890 thousand
  • Courts and legal services$398 thousand
  • Inspections and regulation$66 thousand
Roads, transit and parking
16%$2.6 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$2.6 million
  • Parking$17 thousand
Running the government and other costs
14%$2.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$767 thousand
  • Finance, tax collection and budgeting$592 thousand
  • Government buildings$545 thousand
  • Other and not broken out$314 thousand
Parks, recreation and libraries
11%$1.8 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.4 million
  • Parks and recreation$343 thousand
Water, sewer, trash and utilities
8.8%$1.4 million
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$1.4 million
Interest on debt
2.4%$393 thousand
Social services
1.2%$189 thousand
What's in social servicesOther public welfare
  • Other public welfare$189 thousand
Health and hospitals
0.8%$138 thousand
What's in health and hospitalsPublic health
  • Public health$138 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Tenafly. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of Tenafly 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.