School district · Galveston County, TX

Galveston College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Galveston College took in $34.2 million and spent $65.2 million.

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

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Where it comes from

School district taxes53%State tax money21%Fees for services (college tuition, university housing and dining)10%Federal tax money9.6%Fines and other6.0%

What stands out

53%

of Galveston College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes53%

Property tax
53%$18.2 million

Fees for services10%

Fees for services
10%$3.5 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$2.9 million
  • University housing and dining$636 thousand

Amounts are by Census type of charge.

Federal tax money9.6%

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

From the federal government
9.6%$3.3 million

State tax money21%

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

From the state
21%$7.0 million

Fines and other6.0%

Interest, rents and other
6.0%$2.1 million

Where it goes

Schools and colleges100%

Spending by category100%

Schools and colleges
100%$65.2 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$62.1 million
  • Scholarships and other education subsidies$1.7 million
  • College housing, dining and bookstores$1.4 million
Sources and moreWhere these numbers come from and what they cover

Galveston College. 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 Galveston College 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.