School district · LaPorte County, IN

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

In the latest recorded fiscal year (ended June 30, 2024), Michigan City Area Schools took in $104 million and spent $106 million.

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

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Where it comes from

State tax money70%School district taxes23%Fines and other4.6%County and local tax money2.9%Fees for services (school lunches)0.4%

What stands out

70%

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

School district taxes23%

Property tax

23%$23.5 million

Fees for services0.4%

Fees for services

0.4%$407 thousand

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

School lunches$265 thousand
Other school charges$142 thousand

Amounts are by Census type of charge.

State tax money70%

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

From the state

70%$72.4 million

County and local tax money2.9%

Money passed on by the county or other local governments.

From the county and other local governments

2.9%$3.0 million

Fines and other4.6%

Interest, rents and other

4.6%$4.8 million

Where it goes

Schools and colleges97%Interest on debt2.3%Sent to other local governments0.3%

Spending by category100%

Schools and colleges

97%$104 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$104 million

Interest on debt

2.3%$2.4 million

Sent to other local governments

0.3%$309 thousand

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

Sent to school districts$309 thousand

Sources and moreWhere these numbers come from and what they cover

Michigan City Area 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 Michigan City Area 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.