Number of the Day: 29.7 percent

October 1, 2012 | Number of The Day

New Jersey’s 29.7 percent of revenue that’s collected through property taxes is not the country’s highest, according to the U.S. Census Bureau’s annual survey of state and local government finances. That honor, with 33.6 percent, goes to New Hampshire. Connecticut, with 27.3 percent, is third.

The report shows that New Jersey’s state and local governments spend 30.9 percent on education and 13.6 percent on public welfare. That makes Jersey about 15 in education spending in terms of percentage of budget, behind low population states like Alabama (31.6 percent) and Arkansas (34.9 percent), as well as Texas, with 34.2 percent. It also ranks New Jersey among the lowest in spending on public welfare, with poor states such as Maine (23.7 percent) and West Virginia (19.2 percent) spending more far more, but other states like Pennsylvania (18.8 percent), Delaware (17 percent) and Massachusetts (17.8 percent) also outspending the Garden State.