Township government · Essex County, NJ

Verona Township's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Verona Township took in $88.5 million and spent $29.1 million.

Latest recorded year: ended December 31, 2023Comes fromGoes to

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Where it comes from

Township taxes85%Fees for services (water, parks and recreation)10%Fines and other2.8%State tax money1.5%County and local tax money0.2%

What stands out

83%

of Verona Township's money comes from property tax.A typical U.S. township or town of 10,000 to 50,000 people gets 53%.

Township taxes85%

Property tax
83%$73.6 million
Other taxes
2.0%$1.8 million
What's in other taxesOther licenses and alcoholic beverage licenses
  • Other licenses$1.8 million
  • Alcoholic beverage licenses$17 thousand

Amounts are by Census tax category.

Fees for services10%

Fees for services
10%$9.2 million
What's in fees for servicesWater; parks and recreation and 1 more
  • Water$8.2 million
  • Parks and recreation$906 thousand
  • Parking$44 thousand

Amounts are by Census type of charge.

State tax money1.5%

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

From the state
1.5%$1.3 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%$206 thousand

Fines and other2.8%

Interest, rents and other
2.7%$2.4 million
Fines
0.1%$127 thousand

Where it goes

Water, sewer, trash and utilities31%Police, fire, courts and jails25%Running the government and other costs22%Parks, recreation and libraries9.0%Roads, transit and parking7.6%All other spending5.0%

What stands out

31%

of Verona Township's spending goes to water, sewer, trash and other utilities.A typical U.S. township or town of 10,000 to 50,000 people spends 4.5%.

Spending by category100%

Water, sewer, trash and utilities
31%$9.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 3 more
  • Sewer systems$3.5 million
  • Water supply$3.5 million
  • Garbage and solid waste$1.5 million
  • Electric power$427 thousand
  • Gas supply$155 thousand
Police, fire, courts and jails
25%$7.3 million
What's in police, fire, courts and jailsPolice; courts and legal services and 1 more
  • Police$6.8 million
  • Courts and legal services$357 thousand
  • Fire protection$188 thousand
Running the government and other costs
22%$6.5 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$4.9 million
  • Central staff services (personnel, purchasing, technology)$562 thousand
  • Government buildings$501 thousand
  • Finance, tax collection and budgeting$496 thousand
Parks, recreation and libraries
9.0%$2.6 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.6 million
  • Libraries$999 thousand
Roads, transit and parking
7.6%$2.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.2 million
Interest on debt
4.5%$1.3 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$1.1 million
  • Interest on water supply debt$204 thousand
Health and hospitals
0.5%$152 thousand
What's in health and hospitalsPublic health
  • Public health$152 thousand
Sources and moreWhere these numbers come from and what they cover

Verona Township. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of Verona Township 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.