School district · Bureau County, IL

Hall Township High School District 502's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hall Township High School District 502 took in $11.7 million and spent $10.7 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

School district taxes57%State tax money35%County and local tax money3.7%Fees for services (school lunches)2.5%Fines and other1.8%

What stands out

57%

of Hall Township High School District 502's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes57%

Property tax

57%$6.7 million

Fees for services2.5%

Fees for services

2.5%$290 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$148 thousand
School lunches$142 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government

<0.1%$4 thousand

State tax money35%

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

From the state

35%$4.1 million

County and local tax money3.7%

Money passed on by the county or other local governments.

From the county and other local governments

3.7%$433 thousand

Fines and other1.8%

Interest, rents and other

1.8%$214 thousand

Where it goes

Schools and colleges89%Interest on debt10%Sent to other local governments1.3%

What stands out

10%

of Hall Township High School District 502's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges

89%$9.4 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$9.4 million

Interest on debt

10%$1.1 million

Sent to other local governments

1.3%$135 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$135 thousand

Sources and moreWhere these numbers come from and what they cover

Hall Township High School District 502. 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 Hall Township High School District 502 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.