School district · Lake County, IN

Hobart Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hobart Schools took in $60.4 million and spent $63.4 million.

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

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Where it comes from

State tax money65%School district taxes25%Fines and other4.8%County and local tax money2.6%Fees for services (school lunches)2.1%

What stands out

65%

of Hobart Schools' money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes25%

Property tax

25%$15.3 million

Fees for services2.1%

Fees for services

2.1%$1.3 million

What's in fees for servicesSchool lunches and other school charges

School lunches$865 thousand
Other school charges$431 thousand

Amounts are by Census type of charge.

State tax money65%

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

From the state

65%$39.3 million

County and local tax money2.6%

Money passed on by the county or other local governments.

From the county and other local governments

2.6%$1.6 million

Fines and other4.8%

Interest, rents and other

4.8%$2.9 million

Where it goes

Schools and colleges87%Interest on debt6.5%Sent to other local governments6.1%

What stands out

6.5%

of Hobart Schools' spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges

87%$55.5 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$55.5 million

Interest on debt

6.5%$4.1 million

Sent to other local governments

6.1%$3.9 million

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

Sent to school districts$3.9 million

Sources and moreWhere these numbers come from and what they cover

Hobart 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 Hobart 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.