City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2021), Independence took in $4.6 million and spent $5.8 million.

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

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Where it comes from

City taxes80%Fees for services (sewer, parks and recreation)11%Fines and other4.8%State tax money2.4%Federal tax money1.2%County and local tax money1.0%

What stands out

75%

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

City taxes80%

Property tax
75%$3.4 million
Other taxes
5.4%$247 thousand
What's in other taxesOther licenses
  • Other licenses$247 thousand

Amounts are by Census tax category.

Fees for services11%

Fees for services
11%$483 thousand
What's in fees for servicesSewer; other service charges and 2 more
  • Sewer$358 thousand
  • Other service charges$76 thousand
  • Parks and recreation$48 thousand
  • Road charges$1 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government
1.2%$53 thousand

State tax money2.4%

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

From the state
2.4%$107 thousand

County and local tax money1.0%

Money passed on by the county or other local governments.

From the county and other local governments
1.0%$45 thousand

Fines and other4.8%

Interest, rents and other
4.0%$184 thousand
Fines
0.8%$35 thousand

Where it goes

Running the government and other costs48%Police, fire, courts and jails31%Roads, transit and parking12%Water, sewer, trash and utilities6.7%Interest on debt2.2%Parks, recreation and libraries0.2%

What stands out

31%

of Independence's spending goes to police, fire, courts and jails.A typical U.S. city, town or village of under 10,000 people spends 11%.

Spending by category100%

Running the government and other costs
48%$2.8 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$2.2 million
  • Finance, tax collection and budgeting$512 thousand
  • Central staff services (personnel, purchasing, technology)$16 thousand
Police, fire, courts and jails
31%$1.8 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$1.3 million
  • Fire protection$417 thousand
Roads, transit and parking
12%$702 thousand
What's in roads, transit and parkingRoads and highways
  • Roads and highways$702 thousand
Water, sewer, trash and utilities
6.7%$388 thousand
What's in water, sewer, trash and utilitiesSewer systems and garbage and solid waste
  • Sewer systems$302 thousand
  • Garbage and solid waste$86 thousand
Interest on debt
2.2%$124 thousand
Parks, recreation and libraries
0.2%$9 thousand
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$9 thousand
Sources and moreWhere these numbers come from and what they cover

City of Independence. 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 Independence 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.