School district · Cook County, IL

Schaumburg Community Consolidated School District 54's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Schaumburg Community Consolidated School District 54 took in $261 million and spent $351 million.

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

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Where it comes from

School district taxes80%State tax money17%Fines and other2.0%Fees for services (school tuition and transportation, school lunches)0.4%

What stands out

80%

of Schaumburg Community Consolidated School District 54's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes80%

Property tax
80%$210 million

Fees for services0.4%

Fees for services
0.4%$1.1 million
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$588 thousand
  • Other school charges$394 thousand
  • School lunches$88 thousand

Amounts are by Census type of charge.

State tax money17%

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

From the state
17%$45.6 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%$65 thousand

Fines and other2.0%

Interest, rents and other
2.0%$5.1 million

Where it goes

Schools and colleges99%Sent to other local governments0.9%

Spending by category100%

Schools and colleges
99%$348 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$348 million
Sent to other local governments
0.9%$3.3 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$3.3 million
Sources and moreWhere these numbers come from and what they cover

Schaumburg Community Consolidated School District 54. 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 Schaumburg Community Consolidated School District 54 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.