The split function takes a regular expression, not a string, to match. Your regular expression uses a special character – in this case ‘$’ – so you would need to change it to escape that character:
String line = ...
String[] lineData = line.split("\\$");
Also note that split returns an array of strings – Strings are immutable, so they cannot be modified. Any modifications made to the String will be returned in a new String, and the original will not be changed. Hence the lineData = line.split("\\$"); above.