City government · Wright County, MN
Monticello's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2023), Monticello took in $22.3 million.
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Where it comes from
What stands out
of Monticello's money comes from property tax.A typical U.S. city of 10,000 to 50,000 people gets 19%.
City taxes55%
What's in other taxesAlcoholic beverage licenses and occupation and business licenses
- Alcoholic beverage licenses$55 thousand
- Occupation and business licenses$5 thousand
Amounts are by Census tax category.
Fees for services32%
What's in fees for servicesSewer; water and 2 more
- Sewer$3.0 million
- Water$2.1 million
- Parks and recreation$1.4 million
- Garbage collection$579 thousand
Amounts are by Census type of charge.
Federal tax money3.6%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money9.6%
Money the state passes on, paid for by the state taxes residents also pay.
County and local tax money0.3%
Money passed on by the county or other local governments.
Sources and moreWhere these numbers come from and what they cover
City of Monticello. 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 Monticello 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.