City government · Dakota County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Farmington took in $42.1 million and spent $38.3 million.

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

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Where it comes from

Fees for services (liquor stores, water)45%City taxes39%State tax money9.2%Fines and other4.9%Federal tax money2.3%County and local tax money0.3%

What stands out

36%

of Farmington's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.

City taxes39%

Property tax
36%$15.1 million
Other taxes
2.7%$1.1 million
What's in other taxesOther licenses and public utility taxes
  • Other licenses$928 thousand
  • Public utility taxes$201 thousand

Amounts are by Census tax category.

Fees for services45%

Fees for services
45%$18.8 million
What's in fees for servicesLiquor stores; water and 5 more
  • Liquor stores$7.4 million
  • Water$3.9 million
  • Road charges$2.8 million
  • Sewer$2.8 million
  • Other service charges$991 thousand
  • Parks and recreation$703 thousand
  • Garbage collection$195 thousand

Amounts are by Census type of charge.

Federal tax money2.3%

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

From the federal government
2.3%$952 thousand

State tax money9.2%

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

From the state
9.2%$3.9 million

County and local tax money0.3%

Money passed on by the county or other local governments.

From the county and other local governments
0.3%$121 thousand

Fines and other4.9%

Interest, rents and other
4.7%$2.0 million
Fines
0.1%$58 thousand

Where it goes

Water, sewer, trash and utilities33%Police, fire, courts and jails24%Roads, transit and parking24%Running the government and other costs11%Parks, recreation and libraries6.5%All other spending1.8%

What stands out

24%

of Farmington's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Water, sewer, trash and utilities
33%$12.5 million
What's in water, sewer, trash and utilitiesLiquor stores; sewer systems and 2 more
  • Liquor stores$6.3 million
  • Sewer systems$3.5 million
  • Water supply$2.7 million
  • Garbage and solid waste$76 thousand
Police, fire, courts and jails
24%$9.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$7.4 million
  • Fire protection$1.7 million
Roads, transit and parking
24%$9.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$9.0 million
Running the government and other costs
11%$4.4 million
What's in running the government and other costsFinance, tax collection and budgeting; other and not broken out and 1 more
  • Finance, tax collection and budgeting$2.1 million
  • Other and not broken out$2.0 million
  • Central staff services (personnel, purchasing, technology)$237 thousand
Parks, recreation and libraries
6.5%$2.5 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$2.5 million
Interest on debt
1.2%$455 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$443 thousand
  • Interest on water supply debt$12 thousand
Environment and natural resources
0.4%$140 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$140 thousand
Housing and community development
0.3%$103 thousand
Sources and moreWhere these numbers come from and what they cover

City of Farmington. 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 Farmington 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.