City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Minneapolis took in $1.31 billion and spent $1.18 billion.

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

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Where it comes from

City taxes43%Fees for services (sewer, water)35%State tax money11%Federal tax money7.6%Fines and other2.2%County and local tax money1.7%

What stands out

31%

of Minneapolis' money comes from property tax.A typical U.S. city of 50,000+ people gets 20%.

City taxes43%

Property tax
31%$401 million
Other taxes
8.6%$113 million
What's in other taxesOther licenses; public utility taxes and 2 more
  • Other licenses$45.8 million
  • Public utility taxes$40.5 million
  • Other selective sales taxes$21.0 million
  • Alcoholic beverage taxes$5.4 million

Amounts are by Census tax category.

Sales tax
3.9%$51.2 million

Fees for services35%

Fees for services
35%$453 million
What's in fees for servicesSewer; water and 4 more
  • Sewer$136 million
  • Water$92.7 million
  • Other service charges$89.2 million
  • Parking$61.9 million
  • Garbage collection$43.4 million
  • Parks and recreation$30.2 million

Amounts are by Census type of charge.

Federal tax money7.6%

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

From the federal government
7.6%$100 million

State tax money11%

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

From the state
11%$140 million

County and local tax money1.7%

Money passed on by the county or other local governments.

From the county and other local governments
1.7%$22.5 million

Fines and other2.2%

Interest, rents and other
1.7%$22.8 million
Fines
0.4%$5.9 million

Where it goes

Police, fire, courts and jails30%Water, sewer, trash and utilities25%Running the government and other costs16%Parks, recreation and libraries13%Roads, transit and parking10%All other spending5.9%

What stands out

13%

of Minneapolis' spending goes to parks, recreation and libraries.A typical U.S. city of 50,000+ people spends 6.4%.

Spending by category100%

Police, fire, courts and jails
30%$357 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$260 million
  • Fire protection$79.0 million
  • Courts and legal services$18.0 million
Water, sewer, trash and utilities
25%$291 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$155 million
  • Water supply$90.1 million
  • Garbage and solid waste$45.9 million
Running the government and other costs
16%$192 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$141 million
  • Central staff services (personnel, purchasing, technology)$32.6 million
  • Finance, tax collection and budgeting$9.0 million
  • Government buildings$8.8 million
Parks, recreation and libraries
13%$155 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$155 million
Roads, transit and parking
10%$118 million
What's in roads, transit and parkingRoads and highways and parking
  • Roads and highways$70.7 million
  • Parking$47.1 million
Health and hospitals
3.1%$36.2 million
What's in health and hospitalsPublic health
  • Public health$36.2 million
Interest on debt
2.8%$32.9 million
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$19.6 million
  • Interest on water supply debt$13.3 million
Sent to other local governments
<0.1%$332 thousand
What's in sent to other local governmentsSent to local governments: other and not broken out
  • Sent to local governments: other and not broken out$332 thousand
Sources and moreWhere these numbers come from and what they cover

City of Minneapolis. 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 Minneapolis 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.