School district · Houghton County, MI
Hancock Public Schools's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Hancock Public Schools took in $10.7 million and spent $11.0 million.
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Where it comes from
What stands out
of Hancock Public Schools' money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.
School district taxes29%
Fees for services3.0%
What's in fees for servicesOther school charges and school lunches
- Other school charges$259 thousand
- School lunches$60 thousand
Amounts are by Census type of charge.
State tax money65%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money1.0%
Money passed on by the county or other local governments.
Fines and other1.9%
Where it goes
What stands out
of Hancock Public Schools' spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$10.6 million
Sources and moreWhere these numbers come from and what they cover
Hancock Public 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 Hancock Public 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.