School district · Essex County, NJ

Verona Borough School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Verona Borough School District took in $49.7 million and spent $55.9 million.

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

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Where it comes from

School district taxes83%State tax money13%Fees for services (school lunches, school tuition and transportation)2.4%Fines and other1.2%County and local tax money0.2%

What stands out

83%

of Verona Borough School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes83%

Property tax
83%$41.5 million

Fees for services2.4%

Fees for services
2.4%$1.2 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$635 thousand
  • Other school charges$393 thousand
  • School tuition and transportation$185 thousand

Amounts are by Census type of charge.

State tax money13%

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

From the state
13%$6.4 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$90 thousand

Fines and other1.2%

Interest, rents and other
1.2%$598 thousand

Where it goes

Schools and colleges95%Interest on debt2.6%Sent to other local governments2.5%

Spending by category100%

Schools and colleges
95%$53.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$53.1 million
Interest on debt
2.6%$1.5 million
Sent to other local governments
2.5%$1.4 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$1.4 million
  • Sent to the state government$1 thousand
Sources and moreWhere these numbers come from and what they cover

Verona 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 Verona 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.