School district · Grant County, SD

Milbank School District 25-4's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Milbank School District 25-4 took in $15.6 million and spent $18.0 million.

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

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Where it comes from

School district taxes54%State tax money38%Fees for services (school lunches, school tuition and transportation)5.0%Fines and other1.6%County and local tax money0.9%Federal tax money0.2%

What stands out

52%

of Milbank School District 25-4's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes54%

Property tax
52%$8.1 million
Other taxes
1.5%$238 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$228 thousand
  • Other taxes not classified elsewhere$10 thousand

Amounts are by Census tax category.

Fees for services5.0%

Fees for services
5.0%$778 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$443 thousand
  • Other school charges$272 thousand
  • School tuition and transportation$63 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%$36 thousand

State tax money38%

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

From the state
38%$6.0 million

County and local tax money0.9%

Money passed on by the county or other local governments.

From the county and other local governments
0.9%$147 thousand

Fines and other1.6%

Interest, rents and other
1.2%$190 thousand
Fines
0.4%$67 thousand

Where it goes

Schools and colleges96%Interest on debt4.2%

What stands out

4.2%

of Milbank School District 25-4'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
96%$17.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$17.2 million
Interest on debt
4.2%$749 thousand
Sources and moreWhere these numbers come from and what they cover

Milbank School District 25-4. 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 Milbank School District 25-4 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.