School district · Collin County, TX

Melissa Independent School District 908's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Melissa Independent School District 908 took in $98.6 million and spent $197 million.

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

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Where it comes from

School district taxes45%State tax money44%Fines and other6.6%Fees for services (school tuition and transportation, school lunches)4.0%Federal tax money0.2%County and local tax money<0.1%

What stands out

45%

of Melissa Independent School District 908's money comes from property tax.A typical school district with 5,000 to 25,000 students gets 29%.

School district taxes45%

Property tax
45%$44.0 million

Fees for services4.0%

Fees for services
4.0%$4.0 million
What's in fees for servicesOther school charges; school tuition and transportation and 1 more
  • Other school charges$2.2 million
  • School tuition and transportation$1.1 million
  • School lunches$732 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%$243 thousand

State tax money44%

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

From the state
44%$43.8 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments
<0.1%$64 thousand

Fines and other6.6%

Interest, rents and other
6.6%$6.5 million

Where it goes

Schools and colleges92%Interest on debt7.9%Sent to other local governments0.5%

What stands out

7.9%

of Melissa Independent School District 908's spending goes to interest on debt.A typical school district with 5,000 to 25,000 students spends 2.3%.

Spending by category100%

Schools and colleges
92%$180 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$180 million
Interest on debt
7.9%$15.6 million
Sent to other local governments
0.5%$960 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$960 thousand
Sources and moreWhere these numbers come from and what they cover

Melissa Independent School District 908. 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 Melissa Independent School District 908 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.