City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Bloomington took in $274 million and spent $238 million.

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

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Where it comes from

City taxes39%Fees for services (water, garbage collection)28%State tax money16%Fines and other13%Federal tax money4.1%County and local tax money0.4%

What stands out

16%

of Bloomington's money comes from state tax money.A typical U.S. city of 50,000+ people gets 6.4%.

City taxes39%

Property tax
27%$74.5 million
Other taxes
10%$28.0 million
What's in other taxesOther selective sales taxes; public utility taxes and 1 more
  • Other selective sales taxes$13.8 million
  • Public utility taxes$7.5 million
  • Other licenses$6.7 million

Amounts are by Census tax category.

Sales tax
1.4%$3.8 million

Fees for services28%

Fees for services
28%$77.0 million
What's in fees for servicesWater; garbage collection and 5 more
  • Water$44.2 million
  • Garbage collection$10.4 million
  • Road charges$10.3 million
  • Parks and recreation$6.3 million
  • Other service charges$3.9 million
  • Housing$1.7 million
  • Other government-run businesses$208 thousand

Amounts are by Census type of charge.

Federal tax money4.1%

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

From the federal government
4.1%$11.3 million

State tax money16%

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

From the state
16%$44.1 million

County and local tax money0.4%

Money passed on by the county or other local governments.

From the county and other local governments
0.4%$1.1 million

Fines and other13%

Interest, rents and other
12%$33.9 million
Fines
0.2%$585 thousand

Where it goes

Running the government and other costs23%Police, fire, courts and jails22%Roads, transit and parking19%Water, sewer, trash and utilities17%Housing and community development6.6%All other spending12%

What stands out

6.6%

of Bloomington's spending goes to housing and community development.A typical U.S. city of 50,000+ people spends 1.4%.

Spending by category100%

Running the government and other costs
23%$54.7 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$49.5 million
  • Finance, tax collection and budgeting$4.5 million
  • Central staff services (personnel, purchasing, technology)$546 thousand
  • Other government-run businesses$228 thousand
Police, fire, courts and jails
22%$52.8 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$36.1 million
  • Fire protection$16.6 million
Roads, transit and parking
19%$44.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$44.2 million
Water, sewer, trash and utilities
17%$40.8 million
What's in water, sewer, trash and utilitiesWater supply and garbage and solid waste
  • Water supply$31.2 million
  • Garbage and solid waste$9.6 million
Housing and community development
6.6%$15.7 million
Parks, recreation and libraries
6.4%$15.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$15.2 million
Health and hospitals
4.3%$10.2 million
What's in health and hospitalsPublic health
  • Public health$10.2 million
Interest on debt
1.6%$3.9 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$3.9 million
  • Interest on water supply debt$15 thousand
Sources and moreWhere these numbers come from and what they cover

City of Bloomington. 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 Bloomington 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.