School district · Cameron County, TX

Texas Southmost College's money: where it comes from and where it goes

In the latest recorded fiscal year (ended August 31, 2023), Texas Southmost College took in $60.4 million and spent $64.9 million.

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

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Where it comes from

School district taxes40%State tax money34%Federal tax money7.8%Fees for services (college tuition, university housing and dining)6.6%Fines and other6.6%County and local tax money5.2%

What stands out

40%

of Texas Southmost College's money comes from property tax.A typical community or technical college district gets 15%.

School district taxes40%

Property tax
40%$24.1 million

Fees for services6.6%

Fees for services
6.6%$4.0 million
What's in fees for servicesCollege tuition and university housing and dining
  • College tuition$3.2 million
  • University housing and dining$795 thousand

Amounts are by Census type of charge.

Federal tax money7.8%

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

From the federal government
7.8%$4.7 million

State tax money34%

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

From the state
34%$20.4 million

County and local tax money5.2%

Money passed on by the county or other local governments.

From the county and other local governments
5.2%$3.2 million

Fines and other6.6%

Interest, rents and other
6.6%$4.0 million

Where it goes

Schools and colleges100%Interest on debt0.4%

Spending by category100%

Schools and colleges
100%$64.7 million
What's in schools and collegesColleges and universities; scholarships and other education subsidies and 1 more
  • Colleges and universities$53.7 million
  • Scholarships and other education subsidies$9.6 million
  • College housing, dining and bookstores$1.4 million
Interest on debt
0.4%$281 thousand
Sources and moreWhere these numbers come from and what they cover

Texas Southmost 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 Texas Southmost 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.