School district · Lea County, NM
Hobbs School District's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Hobbs School District took in $196 million and spent $174 million.
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Where it comes from
What stands out
of Hobbs School District's money comes from state tax money.A typical school district with 5,000 to 25,000 students gets 59%.
School district taxes16%
Fees for services1.0%
What's in fees for servicesOther school charges and school lunches
- Other school charges$1.7 million
- School lunches$320 thousand
Amounts are by Census type of charge.
Federal tax money1.0%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money81%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other0.9%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$172 million
Sources and moreWhere these numbers come from and what they cover
Hobbs School District. 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 Hobbs School District 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.