City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Corcoran took in $9.3 million and spent $13.0 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

City taxes71%Fees for services (parks and recreation, water)21%Fines and other3.7%State tax money3.0%Federal tax money1.1%County and local tax money0.2%

What stands out

55%

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

City taxes71%

Property tax
55%$5.1 million
Other taxes
17%$1.5 million
What's in other taxesOther licenses and public utility taxes
  • Other licenses$1.5 million
  • Public utility taxes$57 thousand

Amounts are by Census tax category.

Fees for services21%

Fees for services
21%$1.9 million
What's in fees for servicesParks and recreation; water and 4 more
  • Parks and recreation$805 thousand
  • Water$519 thousand
  • Sewer$396 thousand
  • Other service charges$114 thousand
  • Road charges$59 thousand
  • Garbage collection$8 thousand

Amounts are by Census type of charge.

Federal tax money1.1%

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

From the federal government
1.1%$102 thousand

State tax money3.0%

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

From the state
3.0%$281 thousand

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$15 thousand

Fines and other3.7%

Interest, rents and other
3.6%$332 thousand
Fines
0.1%$12 thousand

Where it goes

Roads, transit and parking46%Police, fire, courts and jails23%Running the government and other costs16%Water, sewer, trash and utilities11%Parks, recreation and libraries2.4%Interest on debt2.3%

What stands out

46%

of Corcoran's spending goes to roads, transit and parking.A typical U.S. city, town or village of under 10,000 people spends 10%.

Spending by category100%

Roads, transit and parking
46%$6.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$6.0 million
Police, fire, courts and jails
23%$3.0 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$2.6 million
  • Fire protection$384 thousand
Running the government and other costs
16%$2.0 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$1.5 million
  • Finance, tax collection and budgeting$559 thousand
  • Central staff services (personnel, purchasing, technology)$23 thousand
Water, sewer, trash and utilities
11%$1.4 million
What's in water, sewer, trash and utilitiesWater supply; sewer systems and 1 more
  • Water supply$968 thousand
  • Sewer systems$398 thousand
  • Garbage and solid waste$10 thousand
Parks, recreation and libraries
2.4%$316 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$316 thousand
Interest on debt
2.3%$299 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$238 thousand
  • Interest on water supply debt$61 thousand
Sources and moreWhere these numbers come from and what they cover

City of Corcoran. 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 Corcoran 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.