School district · Passaic County, NJ

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

In the latest recorded fiscal year (ended June 30, 2024), Wanaque Borough School District took in $20.9 million and spent $26.4 million.

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

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Where it comes from

School district taxes81%State tax money15%Fees for services (school lunches, school tuition and transportation)2.5%County and local tax money0.9%Fines and other0.8%

What stands out

81%

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

School district taxes81%

Property tax
81%$16.9 million

Fees for services2.5%

Fees for services
2.5%$522 thousand
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
  • School lunches$288 thousand
  • School tuition and transportation$130 thousand
  • Other school charges$104 thousand

Amounts are by Census type of charge.

State tax money15%

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

From the state
15%$3.1 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$194 thousand

Fines and other0.8%

Interest, rents and other
0.8%$173 thousand

Where it goes

Schools and colleges95%Sent to other local governments3.2%Interest on debt1.3%

Spending by category100%

Schools and colleges
95%$25.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$25.2 million
Sent to other local governments
3.2%$846 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$846 thousand
Interest on debt
1.3%$343 thousand
Sources and moreWhere these numbers come from and what they cover

Wanaque 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 Wanaque 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.