School district · Jefferson County, IN

Madison Consolidated Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Madison Consolidated Schools took in $42.0 million and spent $48.4 million.

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

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Where it comes from

State tax money62%School district taxes26%Fines and other7.6%Fees for services (school lunches)2.7%County and local tax money1.6%

What stands out

7.6%

of Madison Consolidated Schools' money comes from interest, rents and other revenue.A typical school district with fewer than 5,000 students gets 3.2%.

School district taxes26%

Property tax
26%$10.9 million

Fees for services2.7%

Fees for services
2.7%$1.1 million
What's in fees for servicesOther school charges and school lunches
  • Other school charges$697 thousand
  • School lunches$453 thousand

Amounts are by Census type of charge.

State tax money62%

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

From the state
62%$26.1 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%$651 thousand

Fines and other7.6%

Interest, rents and other
7.6%$3.2 million

Where it goes

Schools and colleges98%Interest on debt1.8%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
98%$47.4 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$47.4 million
Interest on debt
1.8%$888 thousand
Sent to other local governments
0.2%$99 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$99 thousand
Sources and moreWhere these numbers come from and what they cover

Madison Consolidated 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 Madison Consolidated 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.