School district · McKinley County, NM

Gallup-McKinley County Schools's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Gallup-McKinley County Schools took in $356 million and spent $349 million.

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

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Where it comes from

State tax money80%Federal tax money15%School district taxes2.3%Fines and other1.4%Fees for services (school lunches)0.9%

What stands out

15%

of Gallup-McKinley County Schools' money comes from federal tax money.Most school districts with 5,000 to 25,000 students get none.

School district taxes2.3%

Property tax
2.3%$8.1 million

Fees for services0.9%

Fees for services
0.9%$3.4 million
What's in fees for servicesOther school charges and school lunches
  • Other school charges$2.2 million
  • School lunches$1.2 million

Amounts are by Census type of charge.

Federal tax money15%

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

From the federal government
15%$53.7 million

State tax money80%

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

From the state
80%$286 million

Fines and other1.4%

Interest, rents and other
1.4%$4.9 million

Where it goes

Schools and colleges100%Interest on debt0.5%

What stands out

100%

of Gallup-McKinley County Schools' spending goes to schools and colleges.A typical school district with 5,000 to 25,000 students spends 96%.

Spending by category100%

Schools and colleges
100%$347 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$347 million
Interest on debt
0.5%$1.7 million
Sources and moreWhere these numbers come from and what they cover

Gallup-McKinley County Schools. 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 Gallup-McKinley County Schools 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.