School district · Gloucester County, NJ

Township of Franklin School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Township of Franklin School District took in $25.9 million and spent $31.7 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

School district taxes47%State tax money41%County and local tax money9.9%Fees for services (school lunches, school tuition and transportation)1.2%Fines and other0.7%

What stands out

10%

of Township of Franklin School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes47%

Property tax
47%$12.1 million

Fees for services1.2%

Fees for services
1.2%$310 thousand
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
  • School lunches$246 thousand
  • School tuition and transportation$38 thousand
  • Other school charges$26 thousand

Amounts are by Census type of charge.

State tax money41%

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

From the state
41%$10.7 million

County and local tax money9.9%

Money passed on by the county or other local governments.

From the county and other local governments
9.9%$2.6 million

Fines and other0.7%

Interest, rents and other
0.7%$172 thousand

Where it goes

Schools and colleges98%Sent to other local governments2.4%Interest on debt<0.1%

Spending by category100%

Schools and colleges
98%$30.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$30.9 million
Sent to other local governments
2.4%$765 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$757 thousand
  • Sent to the state government$8 thousand
Interest on debt
<0.1%$27 thousand
Sources and moreWhere these numbers come from and what they cover

Township of Franklin 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 Township of Franklin 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.