School district · St Croix County, WI

Somerset School District's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Somerset School District took in $28.6 million and spent $26.8 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money56%School district taxes29%Fines and other7.2%County and local tax money4.2%Fees for services (school lunches, school tuition and transportation)3.5%

What stands out

4.2%

of Somerset School District's money comes from county and other local tax money.A typical school district with fewer than 5,000 students gets 1.1%.

School district taxes29%

Property tax
29%$8.4 million

Fees for services3.5%

Fees for services
3.5%$1.0 million
What's in fees for servicesOther school charges; school lunches and 1 more
  • Other school charges$612 thousand
  • School lunches$348 thousand
  • School tuition and transportation$54 thousand

Amounts are by Census type of charge.

State tax money56%

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

From the state
56%$15.9 million

County and local tax money4.2%

Money passed on by the county or other local governments.

From the county and other local governments
4.2%$1.2 million

Fines and other7.2%

Interest, rents and other
7.2%$2.1 million

Where it goes

Schools and colleges90%Sent to other local governments6.4%Interest on debt3.1%

What stands out

6.4%

of Somerset School District's spending goes to local governments.A typical school district with fewer than 5,000 students spends 1.3%.

Spending by category100%

Schools and colleges
90%$24.2 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$24.2 million
Sent to other local governments
6.4%$1.7 million
What's in sent to other local governmentsSent to school districts; sent to local governments: other and not broken out and 1 more
  • Sent to school districts$1.4 million
  • Sent to local governments: other and not broken out$168 thousand
  • Sent to the state government$117 thousand
Interest on debt
3.1%$843 thousand
Sources and moreWhere these numbers come from and what they cover

Somerset School District. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Somerset School District 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.