School district · Hill County, TX
Covington Independent School District 903's money: where it comes from and where it goes
In the latest recorded fiscal year (ended August 31, 2023), Covington Independent School District 903 took in $6.0 million and spent $9.7 million.
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Where it comes from
What stands out
of Covington Independent School District 903's money comes from property tax.A typical school district with fewer than 5,000 students gets 28%.
School district taxes18%
Fees for services2.0%
What's in fees for servicesSchool lunches and other school charges
- School lunches$73 thousand
- Other school charges$50 thousand
Amounts are by Census type of charge.
Federal tax money1.0%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money68%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money3.7%
Money passed on by the county or other local governments.
Fines and other7.3%
Where it goes
Spending by category100%
What's in schools and collegesElementary and secondary schools
- Elementary and secondary schools$9.6 million
What's in sent to other local governmentsSent to school districts
- Sent to school districts$45 thousand
Sources and moreWhere these numbers come from and what they cover
Covington 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 Covington 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.