School district · Buffalo County, NE

Kearney City School District 7's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Kearney City School District 7 took in $94.3 million and spent $88.3 million.

Latest recorded year: ended August 31, 2023Comes fromGoes to

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Where it comes from

School district taxes60%State tax money33%Fines and other4.8%Fees for services (school lunches)1.9%County and local tax money0.6%Federal tax money0.3%

What stands out

54%

of Kearney City School District 7's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes60%

Property tax
54%$50.9 million
Other taxes
5.6%$5.3 million
What's in other taxesOther taxes not classified elsewhere and public utility taxes
  • Other taxes not classified elsewhere$4.0 million
  • Public utility taxes$1.3 million

Amounts are by Census tax category.

Fees for services1.9%

Fees for services
1.9%$1.8 million
What's in fees for servicesSchool lunches and other school charges
  • School lunches$1.4 million
  • Other school charges$360 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$310 thousand

State tax money33%

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

From the state
33%$30.9 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$554 thousand

Fines and other4.8%

Interest, rents and other
4.8%$4.5 million
Fines
<0.1%$11 thousand

Where it goes

Schools and colleges97%Interest on debt2.6%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
97%$85.8 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$85.8 million
Interest on debt
2.6%$2.3 million
Sent to other local governments
0.2%$150 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$150 thousand
Sources and moreWhere these numbers come from and what they cover

Kearney City School District 7. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended August 31, 2023.

What this covers. The money of Kearney City School District 7 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.