School district · Lea County, NM
New Mexico Junior College's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), New Mexico Junior College took in $151 million and spent $62.4 million.
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Where it comes from
What stands out
of New Mexico Junior College's money comes from property tax.A typical community or technical college district gets 15%.
School district taxes75%
Fees for services4.9%
What's in fees for servicesCollege tuition and university housing and dining
- College tuition$4.6 million
- University housing and dining$2.9 million
Amounts are by Census type of charge.
Federal tax money0.4%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money11%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other8.4%
Where it goes
Spending by category100%
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
- Colleges and universities$56.1 million
- College housing, dining and bookstores$5.2 million
- Scholarships and other education subsidies$1.1 million
Sources and moreWhere these numbers come from and what they cover
New Mexico Junior College. 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 New Mexico Junior College 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.