City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Edina took in $157 million and spent $168 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (water, liquor stores)48%City taxes41%Fines and other6.5%State tax money4.1%Federal tax money1.0%County and local tax money0.1%

What stands out

48%

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

City taxes41%

Property tax
31%$49.2 million
Other taxes
5.7%$8.9 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$5.7 million
  • Public utility taxes$3.1 million
  • Other selective sales taxes$29 thousand

Amounts are by Census tax category.

Sales tax
3.5%$5.5 million

Fees for services48%

Fees for services
48%$74.9 million
What's in fees for servicesWater; liquor stores and 3 more
  • Water$42.0 million
  • Liquor stores$13.9 million
  • Parks and recreation$12.4 million
  • Other service charges$6.0 million
  • Road charges$631 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%$1.6 million

State tax money4.1%

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

From the state
4.1%$6.4 million

County and local tax money0.1%

Money passed on by the county or other local governments.

From the county and other local governments
0.1%$173 thousand

Fines and other6.5%

Interest, rents and other
6.2%$9.7 million
Fines
0.3%$489 thousand

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails18%Roads, transit and parking15%Parks, recreation and libraries14%Running the government and other costs9.2%All other spending9.6%

What stands out

33%

of Edina's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 50,000+ people spends 20%.

Spending by category100%

Water, sewer, trash and utilities
33%$55.9 million
What's in water, sewer, trash and utilitiesWater supply and liquor stores
  • Water supply$43.0 million
  • Liquor stores$12.9 million
Police, fire, courts and jails
18%$30.7 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$16.8 million
  • Fire protection$13.9 million
Roads, transit and parking
15%$26.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$26.0 million
Parks, recreation and libraries
14%$24.2 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$24.2 million
Running the government and other costs
9.2%$15.5 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$13.0 million
  • Finance, tax collection and budgeting$2.3 million
  • Central staff services (personnel, purchasing, technology)$218 thousand
Housing and community development
5.0%$8.4 million
Interest on debt
2.8%$4.7 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$3.1 million
  • Interest on water supply debt$1.6 million
Environment and natural resources
1.0%$1.7 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.7 million
Health and hospitals
0.8%$1.3 million
What's in health and hospitalsPublic health
  • Public health$1.3 million
Sources and moreWhere these numbers come from and what they cover

City of Edina. 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 Edina 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.