School district · Hidalgo County, TX

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

In the latest recorded fiscal year (ended August 31, 2023), Mercedes Independent School District 907 took in $68.0 million and spent $69.4 million.

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

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Where it comes from

State tax money86%School district taxes11%Fines and other2.3%Federal tax money0.4%Fees for services (school lunches)0.3%

What stands out

86%

of Mercedes 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 taxes11%

Property tax
11%$7.5 million

Fees for services0.3%

Fees for services
0.3%$197 thousand
What's in fees for servicesOther school charges and school lunches
  • Other school charges$106 thousand
  • School lunches$91 thousand

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$266 thousand

State tax money86%

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

From the state
86%$58.4 million

Fines and other2.3%

Interest, rents and other
1.9%$1.3 million
Fines
0.4%$269 thousand

Where it goes

Schools and colleges97%Interest on debt1.9%Sent to other local governments0.7%

Spending by category100%

Schools and colleges
97%$67.6 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$67.6 million
Interest on debt
1.9%$1.3 million
Sent to other local governments
0.7%$468 thousand
What's in sent to other local governmentsSent to school districts
  • Sent to school districts$468 thousand
Sources and moreWhere these numbers come from and what they cover

Mercedes 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 Mercedes 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.