School district · Hockley County, TX

South Plains Jr College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), South Plains Jr College took in $60.8 million and spent $71.7 million.

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

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Where it comes from

State tax money43%Fees for services (college tuition, university housing and dining)30%School district taxes19%Federal tax money3.8%Fines and other3.4%County and local tax money0.1%

What stands out

30%

of South Plains Jr College's money comes from fees for services such as water, sewer and parking.A typical community or technical college district gets 21%.

School district taxes19%

Property tax
19%$11.8 million

Fees for services30%

Fees for services
30%$18.5 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$16.7 million
  • University housing and dining$1.8 million

Amounts are by Census type of charge.

Federal tax money3.8%

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

From the federal government
3.8%$2.3 million

State tax money43%

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

From the state
43%$26.1 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$72 thousand

Fines and other3.4%

Interest, rents and other
3.4%$2.1 million

Where it goes

Schools and colleges99%Interest on debt0.6%

Spending by category100%

Schools and colleges
99%$71.3 million
What's in schools and collegesColleges and universities; college housing, dining and bookstores and 1 more
  • Colleges and universities$61.4 million
  • College housing, dining and bookstores$5.5 million
  • Scholarships and other education subsidies$4.3 million
Interest on debt
0.6%$415 thousand
Sources and moreWhere these numbers come from and what they cover

South Plains Jr College. 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 South Plains Jr College 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.