School district · McLeod County, MN

Hutchinson Independent School District 423's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Hutchinson Independent School District 423 took in $47.9 million and spent $46.4 million.

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

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Where it comes from

State tax money76%School district taxes18%Fines and other4.2%Fees for services (school lunches, school tuition and transportation)1.3%County and local tax money0.7%

What stands out

76%

of Hutchinson Independent School District 423's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes18%

Property tax
18%$8.7 million

Fees for services1.3%

Fees for services
1.3%$640 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$431 thousand
  • School lunches$184 thousand
  • School tuition and transportation$25 thousand

Amounts are by Census type of charge.

State tax money76%

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

From the state
76%$36.2 million

County and local tax money0.7%

Money passed on by the county or other local governments.

From the county and other local governments
0.7%$320 thousand

Fines and other4.2%

Interest, rents and other
4.2%$2.0 million

Where it goes

Schools and colleges94%Interest on debt4.8%Sent to other local governments1.3%

What stands out

4.8%

of Hutchinson Independent School District 423's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
94%$43.5 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$43.5 million
Interest on debt
4.8%$2.2 million
Sent to other local governments
1.3%$606 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$400 thousand
  • Sent to school districts$206 thousand
Sources and moreWhere these numbers come from and what they cover

Hutchinson Independent School District 423. 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 Hutchinson Independent School District 423 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.