City government · Blue Earth County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Mankato took in $154 million and spent $159 million.

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

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Where it comes from

Fines and other26%City taxes24%Fees for services (sewer, water)24%State tax money16%Federal tax money9.7%County and local tax money0.2%

What stands out

25%

of Mankato's money comes from interest, rents and other revenue.A typical U.S. city of 10,000 to 50,000 people gets 4.9%.

City taxes24%

Property tax
16%$24.5 million
Sales tax
5.5%$8.4 million
Other taxes
2.8%$4.4 million
What's in other taxesOther licenses and other selective sales taxes
  • Other licenses$3.4 million
  • Other selective sales taxes$935 thousand

Amounts are by Census tax category.

Fees for services24%

Fees for services
24%$37.1 million
What's in fees for servicesSewer; water and 7 more
  • Sewer$10.4 million
  • Water$10.3 million
  • Other service charges$8.1 million
  • Parks and recreation$3.4 million
  • Garbage collection$2.4 million
  • Transit fares$911 thousand
  • Housing$868 thousand
  • Airport$662 thousand
  • Parking$174 thousand

Amounts are by Census type of charge.

Federal tax money9.7%

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

From the federal government
9.7%$15.0 million

State tax money16%

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

From the state
16%$25.0 million

County and local tax money0.2%

Money passed on by the county or other local governments.

From the county and other local governments
0.2%$332 thousand

Fines and other26%

Interest, rents and other
25%$39.1 million
Fines
0.1%$192 thousand

Where it goes

Running the government and other costs31%Roads, transit and parking22%Water, sewer, trash and utilities19%Police, fire, courts and jails11%Parks, recreation and libraries8.6%All other spending9.0%

What stands out

7.2%

of Mankato's spending goes to housing and community development.Most U.S. cities of 10,000 to 50,000 people spend nothing on this.

Spending by category100%

Running the government and other costs
31%$48.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$35.5 million
  • Central staff services (personnel, purchasing, technology)$8.7 million
  • Finance, tax collection and budgeting$2.9 million
  • Government buildings$1.4 million
Roads, transit and parking
22%$34.6 million
What's in roads, transit and parkingRoads and highways; airports and 2 more
  • Roads and highways$16.0 million
  • Airports$10.9 million
  • Public transit$5.8 million
  • Parking$1.9 million
Water, sewer, trash and utilities
19%$30.8 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$20.1 million
  • Water supply$8.4 million
  • Garbage and solid waste$2.3 million
Police, fire, courts and jails
11%$17.0 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$11.6 million
  • Fire protection$5.1 million
  • Inspections and regulation$320 thousand
Parks, recreation and libraries
8.6%$13.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$13.6 million
Housing and community development
7.2%$11.4 million
Interest on debt
1.8%$2.9 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$2.7 million
  • Interest on water supply debt$242 thousand
Health and hospitals
<0.1%$25 thousand
What's in health and hospitalsPublic health
  • Public health$25 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mankato. 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 Mankato 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.