School district · Cook County, IL

Morton College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Morton College took in $43.0 million and spent $51.5 million.

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

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Where it comes from

State tax money47%School district taxes27%Fees for services (college tuition, university housing and dining)16%Federal tax money6.6%Fines and other3.5%

What stands out

27%

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

School district taxes27%

Property tax
27%$11.7 million

Fees for services16%

Fees for services
16%$7.0 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$7.0 million
  • University housing and dining$82 thousand

Amounts are by Census type of charge.

Federal tax money6.6%

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

From the federal government
6.6%$2.8 million

State tax money47%

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

From the state
47%$20.0 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$8 thousand

Fines and other3.5%

Interest, rents and other
3.5%$1.5 million

Where it goes

Schools and colleges99%Interest on debt0.5%

Spending by category100%

Schools and colleges
99%$51.2 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$44.5 million
  • Scholarships and other education subsidies$5.1 million
  • College housing, dining and bookstores$1.6 million
Interest on debt
0.5%$283 thousand
Sources and moreWhere these numbers come from and what they cover

Morton 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 Morton 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.