School district · Pulaski County, KY
Somerset Independent School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Somerset Independent School District took in $23.9 million and spent $24.4 million.
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Where it comes from
What stands out
of Somerset Independent School District's money comes from taxes other than property, sales and income taxes.Most school districts with fewer than 5,000 students get none.
School district taxes33%
What's in other taxesPublic utility taxes
- Public utility taxes$1.1 million
Amounts are by Census tax category.
Fees for services2.8%
What's in fees for servicesOther school charges; school lunches and 1 more
- Other school charges$582 thousand
- School lunches$38 thousand
- School tuition and transportation$37 thousand
Amounts are by Census type of charge.
Federal tax money1.0%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money57%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other5.7%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$23.9 million
What's in sent to other local governmentsSent to the state government
- Sent to the state government$113 thousand
Sources and moreWhere these numbers come from and what they cover
Somerset 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 Somerset 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.