School district · Lorain County, OH
Lorain County Community College's money: where it comes from and where it goes
In the latest recorded fiscal year (ended June 30, 2024), Lorain County Community College took in $114 million and spent $112 million.
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Where it comes from
What stands out
of Lorain County Community College's money comes from property tax.A typical community or technical college district gets 15%.
School district taxes28%
Fees for services17%
What's in fees for servicesCollege tuition and university housing and dining
- College tuition$12.7 million
- University housing and dining$7.1 million
Amounts are by Census type of charge.
Federal tax money12%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money34%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money0.2%
Money passed on by the county or other local governments.
Fines and other8.8%
Where it goes
Spending by category100%
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
- Colleges and universities$94.0 million
- Scholarships and other education subsidies$9.6 million
- College housing, dining and bookstores$8.1 million
Sources and moreWhere these numbers come from and what they cover
Lorain County Community College. 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 Lorain County Community College 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.