School district · Hennepin County, MN

Richfield School District 280's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Richfield School District 280 took in $98.7 million and spent $95.2 million.

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

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Where it comes from

State tax money66%School district taxes26%Fines and other3.7%County and local tax money3.4%Fees for services (school tuition and transportation, school lunches)1.3%

What stands out

66%

of Richfield School District 280's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes26%

Property tax
26%$25.4 million

Fees for services1.3%

Fees for services
1.3%$1.2 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$831 thousand
  • School tuition and transportation$267 thousand
  • School lunches$140 thousand

Amounts are by Census type of charge.

State tax money66%

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

From the state
66%$65.1 million

County and local tax money3.4%

Money passed on by the county or other local governments.

From the county and other local governments
3.4%$3.3 million

Fines and other3.7%

Interest, rents and other
3.7%$3.6 million

Where it goes

Schools and colleges92%Interest on debt4.9%Sent to other local governments2.9%

What stands out

4.9%

of Richfield School District 280'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
92%$87.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$87.8 million
Interest on debt
4.9%$4.7 million
Sent to other local governments
2.9%$2.7 million
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$2.0 million
  • Sent to the state government$675 thousand
Sources and moreWhere these numbers come from and what they cover

Richfield School District 280. 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 Richfield School District 280 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.