School district · Oakland County, MI

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

In the latest recorded fiscal year (ended June 30, 2024), Troy School District took in $259 million and spent $251 million.

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

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Where it comes from

State tax money54%School district taxes29%County and local tax money6.6%Fines and other5.1%Fees for services (school tuition and transportation, school lunches)3.7%Federal tax money0.9%

What stands out

6.6%

of Troy School District's money comes from county and other local tax money.A typical school district with 5,000 to 25,000 students gets 1%.

School district taxes29%

Property tax
29%$75.9 million

Fees for services3.7%

Fees for services
3.7%$9.6 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$8.8 million
  • School tuition and transportation$498 thousand
  • School lunches$303 thousand

Amounts are by Census type of charge.

Federal tax money0.9%

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

From the federal government
0.9%$2.5 million

State tax money54%

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

From the state
54%$141 million

County and local tax money6.6%

Money passed on by the county or other local governments.

From the county and other local governments
6.6%$17.1 million

Fines and other5.1%

Interest, rents and other
5.1%$13.2 million

Where it goes

Schools and colleges94%Interest on debt5.0%Sent to other local governments1.1%

Spending by category100%

Schools and colleges
94%$235 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$235 million
Interest on debt
5.0%$12.5 million
Sent to other local governments
1.1%$2.8 million
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$2.8 million
Sources and moreWhere these numbers come from and what they cover

Troy 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 Troy 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.