School district · Rensselaer County, NY

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

In the latest recorded fiscal year (ended June 30, 2024), Troy City School District took in $150 million and spent $149 million.

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

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Where it comes from

State tax money70%School district taxes24%Fines and other3.8%Federal tax money1.3%County and local tax money0.5%Fees for services (school lunches, school tuition and transportation)<0.1%

What stands out

70%

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

School district taxes24%

Property tax
23%$35.1 million
Other taxes
1.0%$1.6 million
What's in other taxesPublic utility taxes
  • Public utility taxes$1.6 million

Amounts are by Census tax category.

Fees for services<0.1%

Fees for services
<0.1%$98 thousand
What's in fees for servicesSchool lunches; school tuition and transportation and 1 more
  • School lunches$56 thousand
  • School tuition and transportation$31 thousand
  • Other school charges$11 thousand

Amounts are by Census type of charge.

Federal tax money1.3%

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

From the federal government
1.3%$2.0 million

State tax money70%

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

From the state
70%$105 million

County and local tax money0.5%

Money passed on by the county or other local governments.

From the county and other local governments
0.5%$679 thousand

Fines and other3.8%

Interest, rents and other
3.8%$5.7 million

Where it goes

Schools and colleges94%Sent to other local governments4.4%Interest on debt1.1%

What stands out

4.4%

of Troy City School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
94%$140 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$140 million
Sent to other local governments
4.4%$6.5 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$5.6 million
  • Sent to school districts$906 thousand
Interest on debt
1.1%$1.7 million
Sources and moreWhere these numbers come from and what they cover

Troy 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 Troy 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.