School district · Lake County, IN

Lake Central School Corporation's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Lake Central School Corporation took in $144 million and spent $147 million.

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

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Where it comes from

State tax money60%School district taxes34%Fines and other2.2%County and local tax money2.2%Fees for services (school lunches, school tuition and transportation)1.9%

What stands out

34%

of Lake Central School Corporation's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes34%

Property tax
34%$49.3 million

Fees for services1.9%

Fees for services
1.9%$2.7 million
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$2.2 million
  • Other school charges$405 thousand
  • School tuition and transportation$58 thousand

Amounts are by Census type of charge.

State tax money60%

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

From the state
60%$85.9 million

County and local tax money2.2%

Money passed on by the county or other local governments.

From the county and other local governments
2.2%$3.1 million

Fines and other2.2%

Interest, rents and other
2.2%$3.2 million

Where it goes

Schools and colleges97%Interest on debt2.4%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
97%$144 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$144 million
Interest on debt
2.4%$3.6 million
Sent to other local governments
0.2%$229 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$229 thousand
Sources and moreWhere these numbers come from and what they cover

Lake Central School Corporation. 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 Lake Central School Corporation 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.