School district · Boone County, KY

Boone County School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Boone County School District took in $265 million and spent $294 million.

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

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Where it comes from

School district taxes62%State tax money29%Fees for services (school lunches, school tuition and transportation)3.9%Fines and other2.6%County and local tax money1.2%Federal tax money0.6%

What stands out

8.3%

of Boone County School District's money comes from a personal income tax.Most school districts with 5,000 to 25,000 students get none.

School district taxes62%

Property tax

49%$131 million

Individual income tax

8.3%$22.0 million

Other taxes

4.5%$11.9 million

What's in other taxesPublic utility taxes

Public utility taxes$11.9 million

Amounts are by Census tax category.

Fees for services3.9%

Fees for services

3.9%$10.3 million

What's in fees for servicesOther school charges; school lunches and 1 more

Other school charges$5.9 million
School lunches$3.6 million
School tuition and transportation$825 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government

0.6%$1.7 million

State tax money29%

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

From the state

29%$78.1 million

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments

1.2%$3.1 million

Fines and other2.6%

Interest, rents and other

2.6%$7.0 million

Where it goes

Schools and colleges100%

What stands out

100%

of Boone County School District's spending goes to schools and colleges.A typical school district with 5,000 to 25,000 students spends 96%.

Spending by category100%

Schools and colleges

100%$294 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$294 million

Sent to other local governments

<0.1%$11 thousand

What's in sent to other local governmentsSent to the state government

Sent to the state government$11 thousand

Sources and moreWhere these numbers come from and what they cover

Boone County School District. 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 Boone County School District 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.