School district · Cuyahoga County, OH

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

In the latest recorded fiscal year (ended June 30, 2024), Lakewood City School District took in $107 million and spent $101 million.

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

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Where it comes from

School district taxes60%State tax money30%Fines and other3.9%Fees for services (school tuition and transportation, school lunches)3.4%County and local tax money2.8%

What stands out

60%

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

School district taxes60%

Property tax
60%$63.5 million

Fees for services3.4%

Fees for services
3.4%$3.6 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$1.8 million
  • School tuition and transportation$1.2 million
  • School lunches$572 thousand

Amounts are by Census type of charge.

Federal tax money<0.1%

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

From the federal government
<0.1%$31 thousand

State tax money30%

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

From the state
30%$32.3 million

County and local tax money2.8%

Money passed on by the county or other local governments.

From the county and other local governments
2.8%$3.0 million

Fines and other3.9%

Interest, rents and other
3.9%$4.1 million

Where it goes

Schools and colleges94%Interest on debt4.6%Sent to other local governments1.3%

What stands out

4.6%

of Lakewood City School District's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges
94%$94.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$94.6 million
Interest on debt
4.6%$4.6 million
Sent to other local governments
1.3%$1.3 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$827 thousand
  • Sent to school districts$470 thousand
Sources and moreWhere these numbers come from and what they cover

Lakewood 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 Lakewood 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.