City government · Dakota County, MN

Inver Grove Heights's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Inver Grove Heights took in $67.4 million and spent $65.8 million.

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

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Where it comes from

City taxes49%Fees for services (parks and recreation, sewer)33%Fines and other9.6%State tax money6.2%Federal tax money1.9%County and local tax money0.1%

What stands out

45%

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

City taxes49%

Property tax
45%$30.3 million
Other taxes
4.4%$3.0 million
What's in other taxesOther licenses; public utility taxes and 1 more
  • Other licenses$1.5 million
  • Public utility taxes$1.2 million
  • Other selective sales taxes$248 thousand

Amounts are by Census tax category.

Fees for services33%

Fees for services
33%$22.1 million
What's in fees for servicesParks and recreation; sewer and 3 more
  • Parks and recreation$7.8 million
  • Sewer$4.8 million
  • Water$4.8 million
  • Road charges$3.5 million
  • Other service charges$1.1 million

Amounts are by Census type of charge.

Federal tax money1.9%

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

From the federal government
1.9%$1.3 million

State tax money6.2%

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

From the state
6.2%$4.2 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%$74 thousand

Fines and other9.6%

Interest, rents and other
9.3%$6.3 million
Fines
0.3%$197 thousand

Where it goes

Police, fire, courts and jails26%Roads, transit and parking26%Parks, recreation and libraries23%Water, sewer, trash and utilities17%Running the government and other costs6.3%All other spending1.8%

What stands out

23%

of Inver Grove Heights' spending goes to parks, recreation and libraries.A typical U.S. city of 10,000 to 50,000 people spends 5.6%.

Spending by category100%

Police, fire, courts and jails
26%$17.3 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$11.9 million
  • Fire protection$5.4 million
Roads, transit and parking
26%$16.8 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$16.8 million
Parks, recreation and libraries
23%$14.9 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$14.9 million
Water, sewer, trash and utilities
17%$11.4 million
What's in water, sewer, trash and utilitiesSewer systems and water supply
  • Sewer systems$6.3 million
  • Water supply$5.0 million
Running the government and other costs
6.3%$4.1 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$2.5 million
  • Other and not broken out$1.3 million
  • Central staff services (personnel, purchasing, technology)$328 thousand
Interest on debt
1.6%$1.1 million
Environment and natural resources
0.2%$102 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$102 thousand
Sources and moreWhere these numbers come from and what they cover

City of Inver Grove Heights. 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 Inver Grove Heights 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.