City government · St Louis County, MN

Mountain Iron's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2021), Mountain Iron took in $12.5 million and spent $13.8 million.

Latest recorded year: ended December 31, 2021Comes fromGoes to

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Where it comes from

Fees for services (electric power, water)41%State tax money40%City taxes12%County and local tax money3.4%Fines and other1.5%Federal tax money1.2%

What stands out

40%

of Mountain Iron's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.

City taxes12%

Property tax
11%$1.4 million
Other taxes
1.2%$149 thousand
What's in other taxesOther licenses and public utility taxes
  • Other licenses$123 thousand
  • Public utility taxes$26 thousand

Amounts are by Census tax category.

Fees for services41%

Fees for services
41%$5.2 million
What's in fees for servicesElectric power; water and 5 more
  • Electric power$2.7 million
  • Water$911 thousand
  • Garbage collection$603 thousand
  • Sewer$439 thousand
  • Housing$385 thousand
  • Parks and recreation$94 thousand
  • Other service charges$25 thousand

Amounts are by Census type of charge.

Federal tax money1.2%

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

From the federal government
1.2%$156 thousand

State tax money40%

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

From the state
40%$5.1 million

County and local tax money3.4%

Money passed on by the county or other local governments.

From the county and other local governments
3.4%$427 thousand

Fines and other1.5%

Interest, rents and other
1.4%$172 thousand
Fines
<0.1%$11 thousand

Where it goes

Water, sewer, trash and utilities49%Running the government and other costs30%Roads, transit and parking7.8%Police, fire, courts and jails6.0%Parks, recreation and libraries4.6%All other spending2.7%

What stands out

49%

of Mountain Iron's spending goes to water, sewer, trash and other utilities.A typical U.S. city, town or village of under 10,000 people spends 32%.

Spending by category100%

Water, sewer, trash and utilities
49%$6.7 million
What's in water, sewer, trash and utilitiesElectric power; water supply and 2 more
  • Electric power$3.1 million
  • Water supply$2.4 million
  • Garbage and solid waste$626 thousand
  • Sewer systems$591 thousand
Running the government and other costs
30%$4.2 million
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 2 more
  • Other and not broken out$3.7 million
  • Finance, tax collection and budgeting$444 thousand
  • Central staff services (personnel, purchasing, technology)$33 thousand
  • Other government-run businesses$6 thousand
Roads, transit and parking
7.8%$1.1 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$1.1 million
Police, fire, courts and jails
6.0%$829 thousand
What's in police, fire, courts and jailsPolice and fire protection
  • Police$653 thousand
  • Fire protection$176 thousand
Parks, recreation and libraries
4.6%$633 thousand
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$400 thousand
  • Libraries$233 thousand
Housing and community development
2.0%$276 thousand
Interest on debt
0.7%$99 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$73 thousand
  • Interest on water supply debt$26 thousand
Sources and moreWhere these numbers come from and what they cover

City of Mountain Iron. U.S. Census Bureau, 2022 Census of Governments, Finance, individual unit file, fiscal year ended December 31, 2021. The Census record for this government is from the 2022 survey, the newest on file.

What this covers. The money of City of Mountain Iron 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.