School district · Tazewell County, IL

Tremont Community Unit School District 702's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Tremont Community Unit School District 702 took in $13.1 million and spent $13.4 million.

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

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Where it comes from

School district taxes54%State tax money37%Fees for services (school tuition and transportation, school lunches)5.9%Fines and other2.3%County and local tax money0.1%

What stands out

54%

of Tremont Community Unit School District 702's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes54%

Property tax

54%$7.2 million

Fees for services5.9%

Fees for services

5.9%$775 thousand

What's in fees for servicesSchool tuition and transportation; school lunches and 1 more

School tuition and transportation$303 thousand
School lunches$284 thousand
Other school charges$188 thousand

Amounts are by Census type of charge.

State tax money37%

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

From the state

37%$4.9 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments

0.1%$19 thousand

Fines and other2.3%

Interest, rents and other

2.3%$299 thousand

Where it goes

Schools and colleges97%Sent to other local governments2.8%Interest on debt0.5%

Spending by category100%

Schools and colleges

97%$13.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$13.0 million

Sent to other local governments

2.8%$375 thousand

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

Sent to school districts$375 thousand

Interest on debt

0.5%$65 thousand

Sources and moreWhere these numbers come from and what they cover

Tremont Community Unit School District 702. 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 Tremont Community Unit School District 702 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.