School district · Santa Barbara County, CA

Montecito Elementary School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Montecito Elementary School District took in $19.4 million and spent $23.5 million.

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

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Where it comes from

School district taxes88%Fines and other6.0%State tax money5.5%

What stands out

88%

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

School district taxes88%

Property tax
88%$17.2 million

State tax money5.5%

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

From the state
5.5%$1.1 million

Fines and other6.0%

Interest, rents and other
6.0%$1.2 million

Where it goes

Schools and colleges93%Sent to other local governments5.6%Interest on debt1.1%

What stands out

5.6%

of Montecito Elementary School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
93%$22.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$22.0 million
Sent to other local governments
5.6%$1.3 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$1.3 million
Interest on debt
1.1%$248 thousand
Sources and moreWhere these numbers come from and what they cover

Montecito Elementary 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 Montecito Elementary 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.