School district · Broome County, NY

Binghamton City School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Binghamton City School District took in $182 million and spent $174 million.

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

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Where it comes from

State tax money73%School district taxes23%Fines and other3.3%Federal tax money0.4%Fees for services (school lunches, school tuition and transportation)0.3%County and local tax money0.2%

What stands out

73%

of Binghamton City School District's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes23%

Property tax
23%$41.4 million

Fees for services0.3%

Fees for services
0.3%$595 thousand
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$452 thousand
  • School lunches$138 thousand
  • School tuition and transportation$5 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$760 thousand

State tax money73%

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

From the state
73%$133 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$380 thousand

Fines and other3.3%

Interest, rents and other
3.3%$6.1 million

Where it goes

Schools and colleges98%Sent to other local governments1.1%Interest on debt1.1%

Spending by category100%

Schools and colleges
98%$170 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$170 million
Sent to other local governments
1.1%$2.0 million
What's in sent to other local governmentsSent to local governments: other and not broken out and sent to school districts
  • Sent to local governments: other and not broken out$1.7 million
  • Sent to school districts$343 thousand
Interest on debt
1.1%$2.0 million
Sources and moreWhere these numbers come from and what they cover

Binghamton City 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 Binghamton City 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.