School district · Lorain County, OH

Keystone Local School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Keystone Local School District took in $23.6 million and spent $21.1 million.

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

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Where it comes from

School district taxes48%State tax money44%Fines and other4.7%Fees for services (school lunches)2.3%County and local tax money0.8%

What stands out

48%

of Keystone Local School District's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes48%

Property tax

48%$11.3 million

Other taxes

0.3%$66 thousand

What's in other taxesOther taxes not classified elsewhere

Other taxes not classified elsewhere$66 thousand

Amounts are by Census tax category.

Fees for services2.3%

Fees for services

2.3%$542 thousand

What's in fees for servicesSchool lunches and other school charges

School lunches$307 thousand
Other school charges$235 thousand

Amounts are by Census type of charge.

State tax money44%

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

From the state

44%$10.4 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments

0.8%$191 thousand

Fines and other4.7%

Interest, rents and other

4.7%$1.1 million

Fines

<0.1%$5 thousand

Where it goes

Schools and colleges95%Interest on debt3.5%Sent to other local governments1.8%

Spending by category100%

Schools and colleges

95%$20.0 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$20.0 million

Interest on debt

3.5%$741 thousand

Sent to other local governments

1.8%$374 thousand

What's in sent to other local governmentsSent to the state government and sent to school districts

Sent to the state government$319 thousand
Sent to school districts$55 thousand

Sources and moreWhere these numbers come from and what they cover

Keystone Local 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 Keystone Local 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.