School district · Peoria County, IL

Norwood School District 63's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Norwood School District 63 took in $6.8 million and spent $8.1 million.

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

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Where it comes from

State tax money62%School district taxes29%County and local tax money4.9%Fines and other4.1%Fees for services0.1%Federal tax money<0.1%

What stands out

4.9%

of Norwood School District 63's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes29%

Property tax
29%$2.0 million

Fees for services0.1%

Fees for services
0.1%$8 thousand
What's in fees for servicesOther school charges
  • Other school charges$8 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%$6 thousand

State tax money62%

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

From the state
62%$4.2 million

County and local tax money4.9%

Money passed on by the county or other local governments.

From the county and other local governments
4.9%$335 thousand

Fines and other4.1%

Interest, rents and other
4.1%$283 thousand

Where it goes

Schools and colleges88%Sent to other local governments11%Interest on debt0.2%

What stands out

11%

of Norwood School District 63'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
88%$7.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$7.2 million
Sent to other local governments
11%$929 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$929 thousand
Interest on debt
0.2%$13 thousand
Sources and moreWhere these numbers come from and what they cover

Norwood School District 63. 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 Norwood School District 63 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.