School district · Lawrence County, SD

Spearfish School District 40-2's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Spearfish School District 40-2 took in $32.1 million and spent $35.6 million.

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

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Where it comes from

School district taxes57%State tax money36%Fines and other5.2%Fees for services (school lunches, school tuition and transportation)2.1%Federal tax money0.3%

What stands out

56%

of Spearfish School District 40-2's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.

School district taxes57%

Property tax
56%$18.0 million
Other taxes
0.5%$166 thousand
What's in other taxesPublic utility taxes and other taxes not classified elsewhere
  • Public utility taxes$143 thousand
  • Other taxes not classified elsewhere$23 thousand

Amounts are by Census tax category.

Fees for services2.1%

Fees for services
2.1%$664 thousand
What's in fees for servicesSchool lunches; other school charges and 1 more
  • School lunches$565 thousand
  • Other school charges$81 thousand
  • School tuition and transportation$18 thousand

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$102 thousand

State tax money36%

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

From the state
36%$11.5 million

Fines and other5.2%

Interest, rents and other
3.9%$1.3 million
Fines
1.2%$401 thousand

Where it goes

Schools and colleges99%Interest on debt1.3%

Spending by category100%

Schools and colleges
99%$35.1 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$35.1 million
Interest on debt
1.3%$457 thousand
Sources and moreWhere these numbers come from and what they cover

Spearfish School District 40-2. 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 Spearfish School District 40-2 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.