School district · Mercer County, IL

Mercer County School District 404's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mercer County School District 404 took in $23.0 million and spent $33.3 million.

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

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Where it comes from

State tax money46%School district taxes45%Fines and other5.3%County and local tax money2.6%Fees for services (school lunches)0.8%Federal tax money0.7%

What stands out

45%

of Mercer County School District 404's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes45%

Property tax

45%$10.3 million

Fees for services0.8%

Fees for services

0.8%$190 thousand

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

Other school charges$128 thousand
School lunches$62 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government

0.7%$165 thousand

State tax money46%

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

From the state

46%$10.5 million

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments

2.6%$594 thousand

Fines and other5.3%

Interest, rents and other

5.3%$1.2 million

Where it goes

Schools and colleges96%Sent to other local governments2.4%Interest on debt1.4%

Spending by category100%

Schools and colleges

96%$32.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$32.0 million

Sent to other local governments

2.4%$803 thousand

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

Sent to school districts$803 thousand

Interest on debt

1.4%$453 thousand

Sources and moreWhere these numbers come from and what they cover

Mercer County School District 404. 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 Mercer County School District 404 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.