City government · St Louis County, MN
Iron Junction's money: where it comes from and where it goes
In the latest recorded fiscal year (ended October 31, 2021), Iron Junction took in $103 thousand and spent $63 thousand.
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Where it comes from
What stands out
of Iron Junction's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
City taxes17%
Fees for services54%
What's in fees for servicesSewer and water
- Sewer$41 thousand
- Water$15 thousand
Amounts are by Census type of charge.
State tax money27%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other1.0%
Where it goes
What stands out
of Iron Junction's spending goes to interest on debt.A typical U.S. city, town or village of under 10,000 people spends 1.1%.
Spending by category100%
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$16 thousand
- Other and not broken out$4 thousand
- Central staff services (personnel, purchasing, technology)$3 thousand
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
- Sewer systems$13 thousand
- Water supply$7 thousand
- Garbage and solid waste$1 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$8 thousand
Sources and moreWhere these numbers come from and what they cover
City of Iron Junction. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended October 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 Iron Junction 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.