City government · Ottawa County, KS

Minneapolis's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Minneapolis took in $1.1 million and spent $1.0 million.

Latest recorded year: ended December 31, 2023Estimated by the U.S. Census BureauComes fromGoes to

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Where it comes from

City taxes95%Fees for services (parks and recreation, garbage collection)2.8%Fines and other1.7%State tax money0.2%

What stands out

21%

of Minneapolis' money comes from sales tax.Most U.S. cities, towns and villages of under 10,000 people get none.

City taxes95%

Property tax
57%$655 thousand
Sales tax
21%$243 thousand
Other taxes
17%$199 thousand
What's in other taxesPublic utility taxes; other licenses and 2 more
  • Public utility taxes$190 thousand
  • Other licenses$6 thousand
  • Amusement licenses$2 thousand
  • Alcoholic beverage licenses$1 thousand

Amounts are by Census tax category.

Fees for services2.8%

Fees for services
2.8%$32 thousand
What's in fees for servicesParks and recreation; garbage collection and 1 more
  • Parks and recreation$15 thousand
  • Garbage collection$10 thousand
  • Other service charges$7 thousand

Amounts are by Census type of charge.

State tax money0.2%

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

From the state
0.2%$2 thousand

Fines and other1.7%

Interest, rents and other
1.0%$12 thousand
Fines
0.6%$7 thousand

Where it goes

Police, fire, courts and jails50%Running the government and other costs21%Roads, transit and parking15%Parks, recreation and libraries7.7%Interest on debt6.0%

What stands out

50%

of Minneapolis' spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Police, fire, courts and jails
50%$511 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$475 thousand
  • Fire protection$36 thousand
Running the government and other costs
21%$219 thousand
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and other and not broken out
  • Central staff services (personnel, purchasing, technology)$214 thousand
  • Other and not broken out$5 thousand
Roads, transit and parking
15%$150 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$150 thousand
Parks, recreation and libraries
7.7%$78 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$78 thousand
Interest on debt
6.0%$61 thousand
What's in interest on debtInterest on general debt and interest on electric power debt
  • Interest on general debt$40 thousand
  • Interest on electric power debt$21 thousand
Sources and moreWhere these numbers come from and what they cover

City of Minneapolis. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023. Most of this government's figures were estimated by the U.S. Census Bureau from a sample; the government did not report them itself.

What this covers. The money of City of Minneapolis 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.