School district · Lynn County, TX

New Home Independent School District 905's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), New Home Independent School District 905 took in $10.1 million and spent $13.2 million.

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

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Where it comes from

State tax money70%School district taxes20%Fees for services (school tuition and transportation, school lunches)5.2%Fines and other4.4%County and local tax money0.3%

What stands out

5.2%

of New Home Independent School District 905's money comes from fees for services such as water, sewer and parking.A typical school district with fewer than 5,000 students gets 1.8%.

School district taxes20%

Property tax

20%$2.0 million

Fees for services5.2%

Fees for services

5.2%$522 thousand

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

Other school charges$328 thousand
School tuition and transportation$103 thousand
School lunches$91 thousand

Amounts are by Census type of charge.

State tax money70%

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

From the state

70%$7.1 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments

0.3%$34 thousand

Fines and other4.4%

Interest, rents and other

4.2%$427 thousand

Fines

0.1%$15 thousand

Where it goes

Schools and colleges94%Interest on debt5.5%Sent to other local governments0.2%

What stands out

5.5%

of New Home Independent School District 905's spending goes to interest on debt.A typical school district with fewer than 5,000 students spends 0.9%.

Spending by category100%

Schools and colleges

94%$12.5 million

What's in schools and collegesElementary and secondary schools

Elementary and secondary schools$12.5 million

Interest on debt

5.5%$722 thousand

Sent to other local governments

0.2%$25 thousand

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

Sent to school districts$25 thousand

Sources and moreWhere these numbers come from and what they cover

New Home Independent School District 905. 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 New Home Independent School District 905 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.