City government · McLeod County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Glencoe took in $15.4 million and spent $16.0 million.

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

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Where it comes from

Fees for services (sewer, water)48%City taxes21%State tax money21%Fines and other8.6%County and local tax money0.8%

What stands out

21%

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

City taxes21%

Property tax
21%$3.2 million
Other taxes
0.7%$115 thousand
What's in other taxesOther licenses and occupation and business licenses
  • Other licenses$102 thousand
  • Occupation and business licenses$13 thousand

Amounts are by Census tax category.

Fees for services48%

Fees for services
48%$7.4 million
What's in fees for servicesSewer; other government-run businesses and 4 more
  • Sewer$3.0 million
  • Other government-run businesses$2.6 million
  • Water$1.5 million
  • Parks and recreation$203 thousand
  • Airport$68 thousand
  • Garbage collection$33 thousand

Amounts are by Census type of charge.

State tax money21%

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

From the state
21%$3.2 million

County and local tax money0.8%

Money passed on by the county or other local governments.

From the county and other local governments
0.8%$125 thousand

Fines and other8.6%

Interest, rents and other
8.2%$1.3 million
Fines
0.4%$54 thousand

Where it goes

Roads, transit and parking37%Running the government and other costs23%Police, fire, courts and jails18%Water, sewer, trash and utilities13%Parks, recreation and libraries6.2%Interest on debt3.6%

What stands out

37%

of Glencoe'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
37%$5.9 million
What's in roads, transit and parkingRoads and highways and airports
  • Roads and highways$5.8 million
  • Airports$72 thousand
Running the government and other costs
23%$3.6 million
What's in running the government and other costsOther government-run businesses; central staff services (personnel, purchasing, technology) and 1 more
  • Other government-run businesses$2.6 million
  • Central staff services (personnel, purchasing, technology)$821 thousand
  • Finance, tax collection and budgeting$232 thousand
Police, fire, courts and jails
18%$2.8 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$1.6 million
  • Fire protection$1.1 million
  • Inspections and regulation$132 thousand
Water, sewer, trash and utilities
13%$2.1 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$1.1 million
  • Water supply$896 thousand
  • Garbage and solid waste$20 thousand
Parks, recreation and libraries
6.2%$983 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$840 thousand
  • Libraries$143 thousand
Interest on debt
3.6%$583 thousand
Sources and moreWhere these numbers come from and what they cover

City of Glencoe. 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 Glencoe 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.