School district · Stark County, OH

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

In the latest recorded fiscal year (ended June 30, 2024), Lake Local School District took in $45.8 million and spent $47.7 million.

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

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Where it comes from

State tax money49%School district taxes43%Fees for services (school lunches, school tuition and transportation)4.5%Fines and other1.5%County and local tax money1.2%

What stands out

43%

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

School district taxes43%

Property tax
43%$19.8 million
Other taxes
<0.1%$30 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$30 thousand

Amounts are by Census tax category.

Fees for services4.5%

Fees for services
4.5%$2.1 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$1.2 million
  • School lunches$687 thousand
  • School tuition and transportation$174 thousand

Amounts are by Census type of charge.

State tax money49%

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

From the state
49%$22.6 million

County and local tax money1.2%

Money passed on by the county or other local governments.

From the county and other local governments
1.2%$536 thousand

Fines and other1.5%

Interest, rents and other
1.5%$670 thousand

Where it goes

Schools and colleges92%Sent to other local governments5.0%Interest on debt2.5%

What stands out

5%

of Lake Local 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
92%$44.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$44.1 million
Sent to other local governments
5.0%$2.4 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$2.3 million
  • Sent to school districts$79 thousand
Interest on debt
2.5%$1.2 million
Sources and moreWhere these numbers come from and what they cover

Lake 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 Lake 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.