City government · Freeborn County, MN

Albert Lea's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Albert Lea took in $39.0 million and spent $39.9 million.

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

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Where it comes from

Fees for services (sewer, water)42%City taxes25%State tax money22%Fines and other6.6%Federal tax money4.9%

What stands out

22%

of Albert Lea's money comes from state tax money.A typical U.S. city of 10,000 to 50,000 people gets 7%.

City taxes25%

Property tax
19%$7.4 million
Other taxes
6.0%$2.3 million
What's in other taxesPublic utility taxes; other licenses and 1 more
  • Public utility taxes$2.0 million
  • Other licenses$330 thousand
  • Other selective sales taxes$13 thousand

Amounts are by Census tax category.

Fees for services42%

Fees for services
42%$16.4 million
What's in fees for servicesSewer; water and 6 more
  • Sewer$6.7 million
  • Water$6.3 million
  • Housing$1.5 million
  • Other service charges$844 thousand
  • Parks and recreation$562 thousand
  • Garbage collection$340 thousand
  • Road charges$215 thousand
  • Airport$47 thousand

Amounts are by Census type of charge.

Federal tax money4.9%

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

From the federal government
4.9%$1.9 million

State tax money22%

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

From the state
22%$8.4 million

Fines and other6.6%

Interest, rents and other
6.3%$2.5 million
Fines
0.2%$89 thousand

Where it goes

Water, sewer, trash and utilities25%Police, fire, courts and jails20%Roads, transit and parking19%Housing and community development13%Parks, recreation and libraries11%All other spending12%

What stands out

13%

of Albert Lea's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Water, sewer, trash and utilities
25%$9.8 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$5.8 million
  • Water supply$3.9 million
  • Garbage and solid waste$144 thousand
Police, fire, courts and jails
20%$8.2 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$5.4 million
  • Fire protection$2.7 million
Roads, transit and parking
19%$7.5 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$7.3 million
  • Airports$252 thousand
Housing and community development
13%$5.3 million
Parks, recreation and libraries
11%$4.6 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.5 million
  • Libraries$1.0 million
Running the government and other costs
8.9%$3.5 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
  • Other and not broken out$2.4 million
  • Finance, tax collection and budgeting$971 thousand
  • Central staff services (personnel, purchasing, technology)$166 thousand
Interest on debt
2.7%$1.1 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$864 thousand
  • Interest on water supply debt$203 thousand
Sources and moreWhere these numbers come from and what they cover

City of Albert Lea. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended December 31, 2023.

What this covers. The money of City of Albert Lea 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.