School district · Montgomery County, TX

Magnolia Independent School District 906's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Magnolia Independent School District 906 took in $198 million and spent $304 million.

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

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Where it comes from

School district taxes50%State tax money41%Fines and other6.9%Fees for services (school lunches, school tuition and transportation)2.3%County and local tax money0.2%Federal tax money0.2%

What stands out

50%

of Magnolia Independent School District 906's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes50%

Property tax

50%$98.4 million

Fees for services2.3%

Fees for services

2.3%$4.6 million

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

School lunches$2.4 million
Other school charges$2.1 million
School tuition and transportation$114 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government

0.2%$379 thousand

State tax money41%

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

From the state

41%$80.8 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments

0.2%$453 thousand

Fines and other6.9%

Interest, rents and other

6.4%$12.7 million

Fines

0.5%$899 thousand

Where it goes

Schools and colleges96%Interest on debt4.4%

Spending by category100%

Schools and colleges

96%$291 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$291 million

Interest on debt

4.4%$13.3 million

Sent to other local governments

<0.1%$22 thousand

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

Sent to school districts$22 thousand

Sources and moreWhere these numbers come from and what they cover

Magnolia Independent School District 906. 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 Magnolia Independent School District 906 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.