School district · Kenton County, KY

Covington Independent School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Covington Independent School District took in $67.8 million and spent $80.1 million.

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

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Where it comes from

State tax money61%School district taxes32%Fines and other3.0%Federal tax money1.9%County and local tax money1.0%Fees for services (school tuition and transportation, school lunches)0.6%

What stands out

32%

of Covington Independent School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes32%

Property tax
32%$22.0 million

Fees for services0.6%

Fees for services
0.6%$427 thousand
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$194 thousand
  • Other school charges$149 thousand
  • School lunches$84 thousand

Amounts are by Census type of charge.

Federal tax money1.9%

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

From the federal government
1.9%$1.3 million

State tax money61%

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

From the state
61%$41.4 million

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$671 thousand

Fines and other3.0%

Interest, rents and other
3.0%$2.0 million

Where it goes

Schools and colleges99%Interest on debt0.9%Sent to other local governments0.5%

Spending by category100%

Schools and colleges
99%$79.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$79.0 million
Interest on debt
0.9%$753 thousand
Sent to other local governments
0.5%$397 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$397 thousand
Sources and moreWhere these numbers come from and what they cover

Covington Independent 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 Covington Independent 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.