School district · Ellis County, TX

Italy Independent School District 907's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Italy Independent School District 907 took in $11.2 million and spent $12.4 million.

Latest recorded year: ended August 31, 2023Comes from Goes to

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Where it comes from

State tax money70%School district taxes22%Fees for services (school lunches, school tuition and transportation)4.1%Fines and other3.5%Federal tax money0.5%

What stands out

70%

of Italy Independent School District 907's money comes from state tax money.A typical school district with fewer than 5,000 students gets 59%.

School district taxes22%

Property tax

22%$2.5 million

Fees for services4.1%

Fees for services

4.1%$465 thousand

What's in fees for servicesOther school charges; school lunches and 1 more

Other school charges$382 thousand
School lunches$74 thousand
School tuition and transportation$9 thousand

Amounts are by Census type of charge.

Federal tax money0.5%

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

From the federal government

0.5%$52 thousand

State tax money70%

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

From the state

70%$7.8 million

Fines and other3.5%

Interest, rents and other

3.1%$343 thousand

Fines

0.4%$48 thousand

Where it goes

Schools and colleges96%Interest on debt3.9%Sent to other local governments0.2%

Spending by category100%

Schools and colleges

96%$11.9 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$11.9 million

Interest on debt

3.9%$479 thousand

Sent to other local governments

0.2%$27 thousand

What's in sent to other local governmentsSent to school districts

Sent to school districts$27 thousand

Sources and moreWhere these numbers come from and what they cover

Italy Independent School District 907. 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 Italy Independent School District 907 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.