School district · St Louis County, MN

Mountain Iron-Buhl School District 712's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Mountain Iron-Buhl School District 712 took in $12.4 million and spent $11.9 million.

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

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Where it comes from

State tax money80%County and local tax money13%Fines and other3.2%School district taxes2.7%Fees for services (school lunches)0.8%Federal tax money0.4%

What stands out

13%

of Mountain Iron-Buhl School District 712'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 taxes2.7%

Property tax
2.7%$335 thousand

Fees for services0.8%

Fees for services
0.8%$99 thousand
What's in fees for servicesSchool lunches and other school charges
  • School lunches$52 thousand
  • Other school charges$47 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$49 thousand

State tax money80%

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

From the state
80%$10.0 million

County and local tax money13%

Money passed on by the county or other local governments.

From the county and other local governments
13%$1.6 million

Fines and other3.2%

Interest, rents and other
3.2%$392 thousand

Where it goes

Schools and colleges89%Interest on debt6.2%Sent to other local governments4.8%

What stands out

6.2%

of Mountain Iron-Buhl School District 712'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
89%$10.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$10.6 million
Interest on debt
6.2%$733 thousand
Sent to other local governments
4.8%$569 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$438 thousand
  • Sent to the state government$131 thousand
Sources and moreWhere these numbers come from and what they cover

Mountain Iron-Buhl School District 712. 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 Mountain Iron-Buhl School District 712 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.