School district · Otoe County, NE

Palmyra Public School District 501's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Palmyra Public School District 501 took in $12.9 million and spent $26.9 million.

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

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Where it comes from

School district taxes61%State tax money30%Fees for services (school lunches, school tuition and transportation)5.1%Fines and other3.5%County and local tax money0.3%Federal tax money0.1%

What stands out

57%

of Palmyra Public School District 501's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes61%

Property tax
57%$7.4 million
Other taxes
3.4%$439 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$439 thousand

Amounts are by Census tax category.

Fees for services5.1%

Fees for services
5.1%$663 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$382 thousand
  • School lunches$233 thousand
  • School tuition and transportation$48 thousand

Amounts are by Census type of charge.

Federal tax money0.1%

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

From the federal government
0.1%$19 thousand

State tax money30%

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

From the state
30%$3.9 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$35 thousand

Fines and other3.5%

Interest, rents and other
3.5%$453 thousand

Where it goes

Schools and colleges97%Interest on debt2.9%Sent to other local governments0.2%

Spending by category100%

Schools and colleges
97%$26.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$26.0 million
Interest on debt
2.9%$788 thousand
Sent to other local governments
0.2%$51 thousand
What's in sent to other local governmentsSent to school districts and sent to the state government
  • Sent to school districts$49 thousand
  • Sent to the state government$2 thousand
Sources and moreWhere these numbers come from and what they cover

Palmyra Public School District 501. 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 Palmyra Public School District 501 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.