City government · Itasca County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Cohasset took in $6.6 million and spent $8.4 million.

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

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Where it comes from

City taxes59%Fees for services (gas, water)27%State tax money7.2%Federal tax money3.4%County and local tax money2.0%Fines and other1.5%

What stands out

58%

of Cohasset's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes59%

Property tax
58%$3.9 million
Other taxes
0.8%$51 thousand
What's in other taxesPublic utility taxes and other licenses
  • Public utility taxes$38 thousand
  • Other licenses$13 thousand

Amounts are by Census tax category.

Fees for services27%

Fees for services
27%$1.8 million
What's in fees for servicesGas; water and 5 more
  • Gas$1.8 million
  • Water$205 thousand
  • Other service charges$166 thousand
  • Parks and recreation$41 thousand
  • Other government-run businesses$12 thousand
  • Road charges$3 thousand
  • Sewer-$442 thousand

Amounts are by Census type of charge.

Federal tax money3.4%

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

From the federal government
3.4%$225 thousand

State tax money7.2%

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

From the state
7.2%$477 thousand

County and local tax money2.0%

Money passed on by the county or other local governments.

From the county and other local governments
2.0%$130 thousand

Fines and other1.5%

Interest, rents and other
1.5%$100 thousand
Fines
<0.1%$2 thousand

Where it goes

Running the government and other costs47%Water, sewer, trash and utilities40%Roads, transit and parking5.9%Police, fire, courts and jails4.2%Parks, recreation and libraries2.7%

What stands out

47%

of Cohasset's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.

Spending by category100%

Running the government and other costs
47%$3.9 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$3.7 million
  • Finance, tax collection and budgeting$163 thousand
  • Central staff services (personnel, purchasing, technology)$47 thousand
  • Other government-run businesses$38 thousand
Water, sewer, trash and utilities
40%$3.4 million
What's in water, sewer, trash and utilitiesSewer systems; gas supply and 1 more
  • Sewer systems$1.5 million
  • Gas supply$1.4 million
  • Water supply$458 thousand
Roads, transit and parking
5.9%$493 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$493 thousand
Police, fire, courts and jails
4.2%$353 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$311 thousand
  • Police$42 thousand
Parks, recreation and libraries
2.7%$224 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$224 thousand
Interest on debt
<0.1%$2 thousand
Sources and moreWhere these numbers come from and what they cover

City of Cohasset. 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 Cohasset 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.