School district · Lake County, IN

Hammond City Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hammond City Schools took in $194 million and spent $191 million.

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

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Where it comes from

State tax money72%School district taxes25%Fines and other1.7%County and local tax money1.6%Fees for services (school lunches, school tuition and transportation)0.2%

What stands out

72%

of Hammond City Schools' money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.

School district taxes25%

Property tax
25%$47.8 million

Fees for services0.2%

Fees for services
0.2%$371 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$176 thousand
  • Other school charges$159 thousand
  • School tuition and transportation$36 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%$3 thousand

State tax money72%

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

From the state
72%$140 million

County and local tax money1.6%

Money passed on by the county or other local governments.

From the county and other local governments
1.6%$3.0 million

Fines and other1.7%

Interest, rents and other
1.7%$3.3 million

Where it goes

Schools and colleges96%Interest on debt4.0%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
96%$183 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$183 million
Interest on debt
4.0%$7.6 million
Sent to other local governments
0.2%$295 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$295 thousand
Sources and moreWhere these numbers come from and what they cover

Hammond City Schools. 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 Hammond City Schools 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.