School district · Hunt County, TX

Commerce Independent School District 903's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Commerce Independent School District 903 took in $30.3 million and spent $62.8 million.

Latest recorded year: ended August 31, 2023Comes fromGoes to

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Where it comes from

State tax money61%School district taxes31%Fines and other6.5%Fees for services (school lunches)1.2%Federal tax money0.6%

School district taxes31%

Property tax
31%$9.3 million

Fees for services1.2%

Fees for services
1.2%$368 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$285 thousand
  • School lunches$83 thousand

Amounts are by Census type of charge.

Federal tax money0.6%

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

From the federal government
0.6%$173 thousand

State tax money61%

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

From the state
61%$18.5 million

Fines and other6.5%

Interest, rents and other
6.0%$1.8 million
Fines
0.6%$168 thousand

Where it goes

Schools and colleges96%Interest on debt4.2%Sent to other local governments0.2%

What stands out

4.2%

of Commerce Independent School District 903'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%$60.0 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$60.0 million
Interest on debt
4.2%$2.6 million
Sent to other local governments
0.2%$139 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$139 thousand
Sources and moreWhere these numbers come from and what they cover

Commerce Independent School District 903. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended August 31, 2023.

What this covers. The money of Commerce Independent School District 903 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.