Borough government · Bucks County, PA

New Hope's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), New Hope took in $6.7 million and spent $5.2 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Borough taxes54%Fees for services (parking)19%Fines and other19%State tax money5.3%Federal tax money2.0%County and local tax money0.2%

What stands out

32%

of New Hope's money comes from a personal income tax.Most U.S. cities, towns and villages of under 10,000 people get none.

Borough taxes54%

Individual income tax
32%$2.2 million
Property tax
13%$888 thousand
Other taxes
8.7%$580 thousand
What's in other taxesReal estate and stock transfer taxes; occupation and business licenses and 1 more
  • Real estate and stock transfer taxes$388 thousand
  • Occupation and business licenses$117 thousand
  • Public utility licenses$75 thousand

Amounts are by Census tax category.

Fees for services19%

Fees for services
19%$1.3 million
What's in fees for servicesParking and other service charges
  • Parking$965 thousand
  • Other service charges$319 thousand

Amounts are by Census type of charge.

Federal tax money2.0%

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

From the federal government
2.0%$132 thousand

State tax money5.3%

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

From the state
5.3%$354 thousand

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%$11 thousand

Fines and other19%

Interest, rents and other
11%$736 thousand
Fines
8.1%$544 thousand

Where it goes

Police, fire, courts and jails50%Running the government and other costs23%Roads, transit and parking22%Health and hospitals2.2%Parks, recreation and libraries2.0%All other spending1.1%

What stands out

50%

of New Hope's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
50%$2.6 million
What's in police, fire, courts and jailsPolice; courts and legal services and 2 more
  • Police$1.9 million
  • Courts and legal services$375 thousand
  • Fire protection$185 thousand
  • Inspections and regulation$115 thousand
Running the government and other costs
23%$1.2 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); finance, tax collection and budgeting and 2 more
  • Central staff services (personnel, purchasing, technology)$724 thousand
  • Finance, tax collection and budgeting$297 thousand
  • Other and not broken out$119 thousand
  • Government buildings$44 thousand
Roads, transit and parking
22%$1.1 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$968 thousand
  • Parking$168 thousand
Health and hospitals
2.2%$114 thousand
What's in health and hospitalsPublic health
  • Public health$114 thousand
Parks, recreation and libraries
2.0%$102 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$68 thousand
  • Libraries$34 thousand
Interest on debt
0.8%$42 thousand
Water, sewer, trash and utilities
0.2%$9 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste
  • Garbage and solid waste$9 thousand
Housing and community development
<0.1%$4 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of New Hope. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of Borough of New Hope 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.