School district · Marion County, IN

Indianapolis Public Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Indianapolis Public Schools took in $687 million and spent $738 million.

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

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Where it comes from

State tax money62%School district taxes31%Fines and other3.9%County and local tax money2.3%Federal tax money0.7%Fees for services (school lunches)0.4%

What stands out

62%

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

School district taxes31%

Property tax

31%$212 million

Fees for services0.4%

Fees for services

0.4%$2.7 million

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

School lunches$2.3 million
Other school charges$360 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

Grants from Washington, paid for by the federal taxes residents also pay.

From the federal government

0.7%$4.7 million

State tax money62%

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

From the state

62%$425 million

County and local tax money2.3%

Money passed on by the county or other local governments.

From the county and other local governments

2.3%$15.5 million

Fines and other3.9%

Interest, rents and other

3.9%$26.6 million

Where it goes

Schools and colleges97%Interest on debt2.9%

Spending by category100%

Schools and colleges

97%$716 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$716 million

Interest on debt

2.9%$21.5 million

Sent to other local governments

<0.1%$214 thousand

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

Sent to school districts$214 thousand

Sources and moreWhere these numbers come from and what they cover

Indianapolis Public 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 Indianapolis Public 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.