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How Tipton schools pay the bills: state aid, local taxes and federal grants
Summary
An informational TCSC video explains Tipton’s 2026 budget is funded roughly 60% by state tuition support (~$12M), 35% by local property taxes (~$8M), and 5% by federal grants (~$1M), with the three funds totaling just over $21 million.
The presenter for Tipton Community School Corp (TCSC) laid out the district’s revenue mix for 2026, saying, "For us here in Tipton, our split is roughly 60% state tuition support, 35% local property tax revenue, and 5% federal grants." The video explains those three revenue streams — state, local and federal — together pay for daily school operations and student services.
The presenter said state tuition support is calculated from statewide revenues and redistributed to districts based on enrollment on the state’s two count days, Oct. 1 and Feb. 1. Local property taxes, and some local income taxes that the presenter said are scheduled to phase out, supply the district’s local share, while federal grants are targeted to programs such as Title I, Title II, Title III, Title IV, the school lunch program and IDEA. The presenter noted that the district’s three funds together will total just over $21,000,000 for 2026.
