Borough government · Passaic County, NJ

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

In the latest recorded fiscal year (ended December 31, 2023), Totowa took in $25.4 million and spent $20.4 million.

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

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Where it comes from

Borough taxes71%Fees for services (water, sewer)18%Fines and other9.5%State tax money1.4%Federal tax money0.4%

What stands out

68%

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

Borough taxes71%

Property tax
68%$17.3 million
Other taxes
2.8%$710 thousand
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$328 thousand
  • Public utility taxes$195 thousand
  • Other selective sales taxes$171 thousand
  • Alcoholic beverage licenses$16 thousand

Amounts are by Census tax category.

Fees for services18%

Fees for services
18%$4.5 million
What's in fees for servicesWater; sewer and 2 more
  • Water$3.5 million
  • Sewer$775 thousand
  • Other service charges$138 thousand
  • Parks and recreation$55 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$97 thousand

State tax money1.4%

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

From the state
1.4%$357 thousand

Fines and other9.5%

Fines
5.8%$1.5 million
Interest, rents and other
3.7%$942 thousand

Where it goes

Running the government and other costs31%Police, fire, courts and jails28%Water, sewer, trash and utilities23%Roads, transit and parking7.1%Parks, recreation and libraries6.4%All other spending5.4%

What stands out

31%

of Totowa's spending goes to running the government and other costs.A typical U.S. city of 10,000 to 50,000 people spends 18%.

Spending by category100%

Running the government and other costs
31%$6.3 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$5.3 million
  • Central staff services (personnel, purchasing, technology)$498 thousand
  • Finance, tax collection and budgeting$368 thousand
  • Government buildings$104 thousand
Police, fire, courts and jails
28%$5.6 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$4.6 million
  • Courts and legal services$414 thousand
  • Inspections and regulation$318 thousand
  • Fire protection$303 thousand
Water, sewer, trash and utilities
23%$4.6 million
What's in water, sewer, trash and utilitiesWater supply; garbage and solid waste and 1 more
  • Water supply$3.1 million
  • Garbage and solid waste$1.1 million
  • Sewer systems$491 thousand
Roads, transit and parking
7.1%$1.5 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.5 million
Parks, recreation and libraries
6.4%$1.3 million
What's in parks, recreation and librariesLibraries and parks and recreation
  • Libraries$1.1 million
  • Parks and recreation$254 thousand
Sent to other local governments
4.0%$810 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$810 thousand
Health and hospitals
1.0%$194 thousand
What's in health and hospitalsPublic health
  • Public health$194 thousand
Social services
0.4%$88 thousand
What's in social servicesOther public welfare
  • Other public welfare$88 thousand
Interest on debt
<0.1%$14 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of Totowa. 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 Borough of Totowa 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.