School district · Stephenson County, IL

Highland Community College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Highland Community College took in $29.3 million and spent $25.9 million.

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

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Where it comes from

School district taxes45%Fees for services (college tuition, university housing and dining)21%Federal tax money19%State tax money9.1%Fines and other6.1%

What stands out

45%

of Highland Community College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes45%

Property tax
45%$13.3 million

Fees for services21%

Fees for services
21%$6.1 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$5.4 million
  • University housing and dining$673 thousand

Amounts are by Census type of charge.

Federal tax money19%

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

From the federal government
19%$5.5 million

State tax money9.1%

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

From the state
9.1%$2.7 million

Fines and other6.1%

Interest, rents and other
6.1%$1.8 million

Where it goes

Schools and colleges100%

Spending by category100%

Schools and colleges
100%$25.9 million
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
  • Colleges and universities$22.5 million
  • College housing, dining and bookstores$2.0 million
  • Scholarships and other education subsidies$1.5 million
Sources and moreWhere these numbers come from and what they cover

Highland Community College. 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 Highland Community College 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.