City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Hopkins took in $43.4 million and spent $39.6 million.

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

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Where it comes from

City taxes58%Fees for services (sewer, water)20%Fines and other11%State tax money7.5%County and local tax money3.5%

What stands out

52%

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

City taxes58%

Property tax
52%$22.4 million
Other taxes
6.1%$2.7 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$1.2 million
  • Occupation and business licenses$1.1 million
  • Other licenses$305 thousand
  • Alcoholic beverage licenses$94 thousand

Amounts are by Census tax category.

Fees for services20%

Fees for services
20%$8.8 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$4.1 million
  • Water$2.7 million
  • Garbage collection$1.2 million
  • Parks and recreation$800 thousand

Amounts are by Census type of charge.

State tax money7.5%

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

From the state
7.5%$3.2 million

County and local tax money3.5%

Money passed on by the county or other local governments.

From the county and other local governments
3.5%$1.5 million

Fines and other11%

Interest, rents and other
11%$4.6 million
Fines
0.3%$115 thousand

Where it goes

Roads, transit and parking28%Police, fire, courts and jails26%Water, sewer, trash and utilities14%Parks, recreation and libraries11%Running the government and other costs9.5%All other spending12%

What stands out

28%

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

Spending by category100%

Roads, transit and parking
28%$11.2 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$11.2 million
Police, fire, courts and jails
26%$10.1 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$7.1 million
  • Fire protection$2.2 million
  • Inspections and regulation$839 thousand
Water, sewer, trash and utilities
14%$5.5 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$2.7 million
  • Water supply$1.7 million
  • Garbage and solid waste$1.1 million
Parks, recreation and libraries
11%$4.3 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$4.3 million
Running the government and other costs
9.5%$3.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology) and finance, tax collection and budgeting
  • Central staff services (personnel, purchasing, technology)$2.4 million
  • Finance, tax collection and budgeting$1.4 million
Interest on debt
6.3%$2.5 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.2 million
  • Interest on water supply debt$336 thousand
Housing and community development
5.6%$2.2 million
Sources and moreWhere these numbers come from and what they cover

City of Hopkins. 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 Hopkins 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.