School district · Socorro County, NM

Magdalena School District 12's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Magdalena School District 12 took in $13.0 million and spent $10.2 million.

Latest recorded year: ended June 30, 2024Comes from Goes to

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Where it comes from

State tax money86%Federal tax money8.3%School district taxes2.9%Fines and other2.3%Fees for services (school lunches)0.4%

What stands out

8.3%

of Magdalena School District 12's money comes from federal tax money.Most school districts with fewer than 5,000 students get none.

School district taxes2.9%

Property tax

2.9%$383 thousand

Fees for services0.4%

Fees for services

0.4%$58 thousand

What's in fees for servicesOther school charges and school lunches

Other school charges$46 thousand
School lunches$12 thousand

Amounts are by Census type of charge.

Federal tax money8.3%

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

From the federal government

8.3%$1.1 million

State tax money86%

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

From the state

86%$11.2 million

Fines and other2.3%

Interest, rents and other

2.3%$298 thousand

Where it goes

Schools and colleges100%Interest on debt<0.1%

What stands out

100%

of Magdalena School District 12's spending goes to schools and colleges.A typical school district with fewer than 5,000 students spends 97%.

Spending by category100%

Schools and colleges

100%$10.2 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$10.2 million

Interest on debt

<0.1%$7 thousand

Sources and moreWhere these numbers come from and what they cover

Magdalena School District 12. 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 Magdalena School District 12 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.