What are common sources of revenue for school districts?

School districts typically rely on several primary sources of revenue to fund their operations and educational programs. Property taxes serve as one of the most significant sources of revenue for school districts, as they directly contribute to local funding based on the assessed value of properties in the area. State aid is another critical component; it is funding provided by the state government to support public education and helps to balance the financial resources among different districts, particularly those that may have less property tax revenue. Additionally, federal aid can provide supplementary funding for specific programs or disadvantaged schools, helping to address equity in education.

The first option effectively captures the main revenue sources for school districts, highlighting the combination of local property taxes, state funding, and federal support. Other options may include some elements that are less common or relevant for school district financing. For example, while sales tax and corporate tax can be sources of revenue for local governments in general, they are not typically direct revenue for school districts. Local grants may also be useful but are not as universally relied upon as the major sources included in the correct answer. Finally, while state funding is indeed vital, asset sales are not a primary or regular source of revenue for schooling needs, making the combination in the first option the most comprehensive and standard across various