City government · Isanti County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Cambridge took in $24.9 million and spent $23.1 million.

Latest recorded year: ended December 31, 2021Comes from Goes to

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Where it comes from

Fees for services (liquor stores, water)56%City taxes33%State tax money7.9%Fines and other1.9%Federal tax money1.0%County and local tax money<0.1%

What stands out

6.7%

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

City taxes33%

Property tax

23%$5.6 million

Sales tax

6.7%$1.7 million

Other taxes

3.8%$955 thousand

What's in other taxesOther licenses

Other licenses$955 thousand

Amounts are by Census tax category.

Fees for services56%

Fees for services

56%$13.9 million

What's in fees for servicesLiquor stores; water and 7 more

Liquor stores$7.5 million
Water$2.8 million
Sewer$2.0 million
Other service charges$698 thousand
Road charges$631 thousand
Housing$212 thousand
Airport$76 thousand
Parks and recreation$5 thousand
Garbage collection$5 thousand

Amounts are by Census type of charge.

Federal tax money1.0%

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

From the federal government

1.0%$249 thousand

State tax money7.9%

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

From the state

7.9%$2.0 million

County and local tax money<0.1%

Money passed on by the county or other local governments.

From the county and other local governments

<0.1%$18 thousand

Fines and other1.9%

Interest, rents and other

1.8%$441 thousand

Fines

0.1%$37 thousand

Where it goes

Water, sewer, trash and utilities48%Police, fire, courts and jails15%Running the government and other costs14%Roads, transit and parking12%Parks, recreation and libraries5.1%All other spending5.1%

What stands out

48%

of Cambridge's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities

48%$11.2 million

What's in water, sewer, trash and utilitiesLiquor stores; sewer systems and 1 more

Liquor stores$6.0 million
Sewer systems$3.2 million
Water supply$1.9 million

Police, fire, courts and jails

15%$3.5 million

What's in police, fire, courts and jailsPolice and fire protection

Police$3.0 million
Fire protection$456 thousand

Running the government and other costs

14%$3.2 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$740 thousand
Central staff services (personnel, purchasing, technology)$55 thousand

Roads, transit and parking

12%$2.8 million

What's in roads, transit and parkingRoads and highways and airports

Roads and highways$2.6 million
Airports$209 thousand

Parks, recreation and libraries

5.1%$1.2 million

What's in parks, recreation and librariesParks and recreation and libraries

Parks and recreation$1.1 million
Libraries$113 thousand

Interest on debt

3.0%$686 thousand

What's in interest on debtInterest on general debt and interest on water supply debt

Interest on general debt$550 thousand
Interest on water supply debt$136 thousand

Housing and community development

2.2%$500 thousand

Sources and moreWhere these numbers come from and what they cover

City of Cambridge. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Cambridge 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.