City government · Hennepin County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Minnetonka took in $100 million and spent $100 million.

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

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Where it comes from

City taxes52%Fees for services (sewer, water)32%Fines and other8.3%State tax money7.2%County and local tax money0.6%Federal tax money0.3%

What stands out

47%

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

City taxes52%

Property tax
47%$47.6 million
Other taxes
4.0%$4.0 million
What's in other taxesPublic utility taxes; occupation and business licenses and 2 more
  • Public utility taxes$3.4 million
  • Occupation and business licenses$305 thousand
  • Alcoholic beverage licenses$244 thousand
  • Other licenses$53 thousand

Amounts are by Census tax category.

Fees for services32%

Fees for services
32%$32.2 million
What's in fees for servicesSewer; water and 2 more
  • Sewer$11.0 million
  • Water$11.0 million
  • Parks and recreation$8.7 million
  • Garbage collection$1.4 million

Amounts are by Census type of charge.

Federal tax money0.3%

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

From the federal government
0.3%$304 thousand

State tax money7.2%

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

From the state
7.2%$7.2 million

County and local tax money0.6%

Money passed on by the county or other local governments.

From the county and other local governments
0.6%$554 thousand

Fines and other8.3%

Interest, rents and other
8.1%$8.2 million
Fines
0.2%$177 thousand

Where it goes

Parks, recreation and libraries23%Police, fire, courts and jails21%Roads, transit and parking19%Water, sewer, trash and utilities16%Running the government and other costs10%All other spending11%

What stands out

23%

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

Spending by category100%

Parks, recreation and libraries
23%$22.6 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$22.6 million
Police, fire, courts and jails
21%$21.1 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$15.1 million
  • Fire protection$6.0 million
Roads, transit and parking
19%$19.0 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$19.0 million
Water, sewer, trash and utilities
16%$16.0 million
What's in water, sewer, trash and utilitiesSewer systems; water supply and 1 more
  • Sewer systems$7.7 million
  • Water supply$6.9 million
  • Garbage and solid waste$1.3 million
Running the government and other costs
10%$10.3 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$8.1 million
  • Other and not broken out$1.9 million
  • Central staff services (personnel, purchasing, technology)$298 thousand
Housing and community development
7.3%$7.3 million
Environment and natural resources
1.9%$1.9 million
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$1.9 million
Interest on debt
1.5%$1.5 million
What's in interest on debtInterest on water supply debt and interest on general debt
  • Interest on water supply debt$755 thousand
  • Interest on general debt$737 thousand
Health and hospitals
0.4%$381 thousand
What's in health and hospitalsPublic health
  • Public health$381 thousand
Sources and moreWhere these numbers come from and what they cover

City of Minnetonka. 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 Minnetonka 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.