School district · St Louis County, MN

Hibbing Independent School District 701's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hibbing Independent School District 701 took in $41.8 million and spent $45.6 million.

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

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Where it comes from

State tax money74%County and local tax money12%Fines and other6.4%School district taxes5.8%Fees for services (school lunches)2.0%Federal tax money<0.1%

What stands out

12%

of Hibbing Independent School District 701's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes5.8%

Property tax
5.8%$2.4 million

Fees for services2.0%

Fees for services
2.0%$842 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$610 thousand
  • School lunches$232 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$28 thousand

State tax money74%

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

From the state
74%$30.9 million

County and local tax money12%

Money passed on by the county or other local governments.

From the county and other local governments
12%$4.9 million

Fines and other6.4%

Interest, rents and other
6.4%$2.7 million

Where it goes

Schools and colleges97%Sent to other local governments2.4%Interest on debt0.9%

Spending by category100%

Schools and colleges
97%$44.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$44.1 million
Sent to other local governments
2.4%$1.1 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$801 thousand
  • Sent to school districts$303 thousand
Interest on debt
0.9%$413 thousand
Sources and moreWhere these numbers come from and what they cover

Hibbing Independent School District 701. 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 Hibbing Independent School District 701 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.