School district · Potter County, PA

Galeton Area School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Galeton Area School District took in $9.5 million and spent $11.4 million.

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

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Where it comes from

State tax money54%School district taxes39%Fines and other2.8%County and local tax money2.3%Fees for services (school lunches)1.3%Federal tax money0.2%

What stands out

35%

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

School district taxes39%

Property tax
35%$3.4 million
Individual income tax
2.6%$243 thousand
Other taxes
1.2%$117 thousand
What's in other taxesOther taxes not classified elsewhere
  • Other taxes not classified elsewhere$117 thousand

Amounts are by Census tax category.

Fees for services1.3%

Fees for services
1.3%$125 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$106 thousand
  • School lunches$19 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$21 thousand

State tax money54%

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

From the state
54%$5.2 million

County and local tax money2.3%

Money passed on by the county or other local governments.

From the county and other local governments
2.3%$214 thousand

Fines and other2.8%

Interest, rents and other
2.8%$262 thousand

Where it goes

Schools and colleges96%Interest on debt2.0%Sent to other local governments1.9%

Spending by category100%

Schools and colleges
96%$10.9 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$10.9 million
Interest on debt
2.0%$226 thousand
Sent to other local governments
1.9%$214 thousand
What's in sent to other local governmentsSent to school districts and sent to local governments: other and not broken out
  • Sent to school districts$178 thousand
  • Sent to local governments: other and not broken out$36 thousand
Sources and moreWhere these numbers come from and what they cover

Galeton Area 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 Galeton Area 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.