School district · Otter Tail County, MN
New York Mills Independent School District 553's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), New York Mills Independent School District 553 took in $13.3 million and spent $12.8 million.
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Where it comes from
What stands out
of New York Mills Independent School District 553's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.
School district taxes12%
Fees for services1.6%
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
- Other school charges$139 thousand
- School tuition and transportation$38 thousand
- School lunches$33 thousand
Amounts are by Census type of charge.
State tax money82%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money0.3%
Money passed on by the county or other local governments.
Fines and other3.9%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$12.0 million
What's in sent to other local governmentsSent to school districts and sent to the state government
- Sent to school districts$335 thousand
- Sent to the state government$73 thousand
Sources and moreWhere these numbers come from and what they cover
New York Mills Independent School District 553. 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 New York Mills Independent School District 553 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.