Borough government · Susquehanna County, PA

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

In the latest recorded fiscal year (ended December 31, 2021), New Milford took in $338 thousand and spent $419 thousand.

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

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Where it comes from

Borough taxes39%State tax money22%Fines and other18%Federal tax money13%Fees for services (parks and recreation)7.7%

What stands out

33%

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

Borough taxes39%

Individual income tax
33%$110 thousand
Property tax
3.3%$11 thousand
Other taxes
3.0%$10 thousand
What's in other taxesPublic utility licenses; real estate and stock transfer taxes and 1 more
  • Public utility licenses$5 thousand
  • Real estate and stock transfer taxes$4 thousand
  • Occupation and business licenses$1 thousand

Amounts are by Census tax category.

Fees for services7.7%

Fees for services
7.7%$26 thousand
What's in fees for servicesParks and recreation
  • Parks and recreation$26 thousand

Amounts are by Census type of charge.

Federal tax money13%

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

From the federal government
13%$44 thousand

State tax money22%

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

From the state
22%$76 thousand

Fines and other18%

Interest, rents and other
18%$60 thousand
Fines
0.3%$1 thousand

Where it goes

Roads, transit and parking52%Running the government and other costs31%Police, fire, courts and jails9.1%Parks, recreation and libraries8.8%

What stands out

52%

of New Milford's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
52%$216 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$216 thousand
Running the government and other costs
31%$128 thousand
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$49 thousand
  • Government buildings$40 thousand
  • Central staff services (personnel, purchasing, technology)$36 thousand
  • Finance, tax collection and budgeting$3 thousand
Police, fire, courts and jails
9.1%$38 thousand
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$19 thousand
  • Fire protection$13 thousand
  • Courts and legal services$3 thousand
  • Inspections and regulation$3 thousand
Parks, recreation and libraries
8.8%$37 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$37 thousand
Sources and moreWhere these numbers come from and what they cover

Borough of New Milford. 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 Milford 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.