School district · Hennepin County, MN

Minneapolis Special School District 1's money: where it comes from and where it goes

In the latest recorded fiscal year (ended June 30, 2024), Minneapolis Special School District 1 took in $878 million and spent $908 million.

Latest recorded year: ended June 30, 2024Comes fromGoes to

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Where it comes from

State tax money66%School district taxes24%Fines and other4.5%County and local tax money3.1%Fees for services (school tuition and transportation, school lunches)1.7%Federal tax money0.4%

What stands out

24%

of Minneapolis Special School District 1's money comes from property tax.A typical school district with 25,000+ students gets 33%.

School district taxes24%

Property tax
24%$213 million

Fees for services1.7%

Fees for services
1.7%$15.3 million
What's in fees for servicesSchool tuition and transportation; other school charges and 1 more
  • School tuition and transportation$11.0 million
  • Other school charges$3.3 million
  • School lunches$1.1 million

Amounts are by Census type of charge.

Federal tax money0.4%

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

From the federal government
0.4%$3.4 million

State tax money66%

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

From the state
66%$579 million

County and local tax money3.1%

Money passed on by the county or other local governments.

From the county and other local governments
3.1%$27.0 million

Fines and other4.5%

Interest, rents and other
4.5%$39.8 million

Where it goes

Schools and colleges96%Interest on debt3.9%Sent to other local governments0.5%

Spending by category100%

Schools and colleges
96%$868 million
What's in schools and collegesElementary and secondary schools
  • Elementary and secondary schools$868 million
Interest on debt
3.9%$35.2 million
Sent to other local governments
0.5%$4.8 million
What's in sent to other local governmentsSent to the state government and sent to school districts
  • Sent to the state government$3.8 million
  • Sent to school districts$1.0 million
Sources and moreWhere these numbers come from and what they cover

Minneapolis Special School District 1. U.S. Census Bureau, 2024 Annual Survey of State and Local Government Finances, individual unit file, fiscal year ended June 30, 2024.

What this covers. The money of Minneapolis Special School District 1 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.