City government · Mower County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Austin took in $114 million and spent $150 million.

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

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Where it comes from

Fees for services (electric power, gas)69%State tax money12%City taxes11%Fines and other7.5%

What stands out

69%

of Austin's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes11%

Property tax
7.6%$8.6 million
Sales tax
1.8%$2.0 million
Other taxes
1.5%$1.8 million
What's in other taxesOther selective sales taxes; other licenses and 1 more
  • Other selective sales taxes$856 thousand
  • Other licenses$782 thousand
  • Alcoholic beverage licenses$121 thousand

Amounts are by Census tax category.

Fees for services69%

Fees for services
69%$78.7 million
What's in fees for servicesElectric power; gas and 5 more
  • Electric power$39.3 million
  • Gas$20.1 million
  • Sewer$9.2 million
  • Water$6.2 million
  • Other service charges$3.8 million
  • Airport$18 thousand
  • Parking$5 thousand

Amounts are by Census type of charge.

State tax money12%

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

From the state
12%$14.2 million

Fines and other7.5%

Interest, rents and other
7.3%$8.3 million
Fines
0.2%$172 thousand

Where it goes

Water, sewer, trash and utilities71%Running the government and other costs12%Roads, transit and parking6.1%Police, fire, courts and jails6.1%Parks, recreation and libraries4.6%Interest on debt0.3%

What stands out

71%

of Austin's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
71%$106 million
What's in water, sewer, trash and utilitiesElectric power; sewer systems and 3 more
  • Electric power$42.3 million
  • Sewer systems$39.7 million
  • Gas supply$18.9 million
  • Water supply$5.2 million
  • Garbage and solid waste$51 thousand
Running the government and other costs
12%$18.0 million
What's in running the government and other costsOther and not broken out; government buildings and 2 more
  • Other and not broken out$14.2 million
  • Government buildings$1.7 million
  • Central staff services (personnel, purchasing, technology)$1.5 million
  • Finance, tax collection and budgeting$555 thousand
Roads, transit and parking
6.1%$9.1 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$8.9 million
  • Airports$174 thousand
  • Parking$15 thousand
Police, fire, courts and jails
6.1%$9.1 million
What's in police, fire, courts and jailsPolice; fire protection and 2 more
  • Police$5.9 million
  • Fire protection$2.3 million
  • Inspections and regulation$542 thousand
  • Courts and legal services$377 thousand
Parks, recreation and libraries
4.6%$6.9 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$4.3 million
  • Libraries$2.6 million
Interest on debt
0.3%$488 thousand
What's in interest on debtInterest on electric power debt; interest on gas supply debt and 1 more
  • Interest on electric power debt$284 thousand
  • Interest on gas supply debt$197 thousand
  • Interest on general debt$7 thousand
Sources and moreWhere these numbers come from and what they cover

City of Austin. 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 Austin 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.