School district · Lake County, OH

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

In the latest recorded fiscal year (ended June 30, 2024), Madison Local School District took in $36.9 million and spent $36.2 million.

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

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Where it comes from

State tax money53%School district taxes38%Fines and other5.0%Fees for services (school lunches)2.5%County and local tax money1.2%

What stands out

3.1%

of Madison Local School District's money comes from taxes other than property, sales and income taxes.Most school districts with fewer than 5,000 students get none.

School district taxes38%

Property tax
35%$12.9 million
Other taxes
3.1%$1.1 million
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$1.1 million

Amounts are by Census tax category.

Fees for services2.5%

Fees for services
2.5%$915 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$608 thousand
  • School lunches$307 thousand

Amounts are by Census type of charge.

State tax money53%

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

From the state
53%$19.7 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%$434 thousand

Fines and other5.0%

Interest, rents and other
5.0%$1.8 million

Where it goes

Schools and colleges94%Interest on debt5.3%Sent to other local governments0.9%

What stands out

5.3%

of Madison Local 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%$34.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$34.0 million
Interest on debt
5.3%$1.9 million
Sent to other local governments
0.9%$323 thousand
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$238 thousand
  • Sent to school districts$85 thousand
Sources and moreWhere these numbers come from and what they cover

Madison 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 Madison 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.