School district · Passaic County, NJ
Totowa Borough School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Totowa Borough School District took in $22.1 million and spent $21.1 million.
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Where it comes from
What stands out
of Totowa Borough School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.
School district taxes78%
Fees for services3.7%
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
- School lunches$389 thousand
- School tuition and transportation$302 thousand
- Other school charges$120 thousand
Amounts are by Census type of charge.
State tax money12%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other6.1%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$20.7 million
What's in sent to other local governmentsSent to school districts and sent to the state government
- Sent to school districts$326 thousand
- Sent to the state government$38 thousand
Sources and moreWhere these numbers come from and what they cover
Totowa 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 Totowa 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.