City government · Brown County, MN

New Ulm's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), New Ulm took in $74.6 million and spent $65.0 million.

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

See every government that serves your ZIP

Where it comes from

Fees for services (electric power, gas)65%City taxes16%State tax money10%Fines and other4.7%County and local tax money3.3%Federal tax money0.7%

What stands out

65%

of New Ulm's money comes from fees for services such as water, sewer and parking.A typical U.S. city of 10,000 to 50,000 people gets 30%.

City taxes16%

Property tax
13%$9.7 million
Sales tax
2.5%$1.9 million
Other taxes
0.2%$150 thousand
What's in other taxesOther licenses; alcoholic beverage licenses and 2 more
  • Other licenses$79 thousand
  • Alcoholic beverage licenses$58 thousand
  • Occupation and business licenses$8 thousand
  • Motor vehicle licenses$5 thousand

Amounts are by Census tax category.

Fees for services65%

Fees for services
65%$48.8 million
What's in fees for servicesElectric power; gas and 9 more
  • Electric power$27.0 million
  • Gas$8.2 million
  • Water$5.1 million
  • Sewer$4.9 million
  • Parks and recreation$1.4 million
  • Housing$1.1 million
  • Other service charges$627 thousand
  • Other government-run businesses$301 thousand
  • Airport$51 thousand
  • Road charges$33 thousand
  • Parking$26 thousand

Amounts are by Census type of charge.

Federal tax money0.7%

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

From the federal government
0.7%$535 thousand

State tax money10%

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

From the state
10%$7.6 million

County and local tax money3.3%

Money passed on by the county or other local governments.

From the county and other local governments
3.3%$2.4 million

Fines and other4.7%

Interest, rents and other
4.5%$3.4 million
Fines
0.2%$118 thousand

Where it goes

Water, sewer, trash and utilities61%Running the government and other costs15%Parks, recreation and libraries7.1%Police, fire, courts and jails6.9%Roads, transit and parking5.0%All other spending5.6%

What stands out

61%

of New Ulm's spending goes to water, sewer, trash and other utilities.A typical U.S. city of 10,000 to 50,000 people spends 24%.

Spending by category100%

Water, sewer, trash and utilities
61%$39.4 million
What's in water, sewer, trash and utilitiesElectric power; gas supply and 2 more
  • Electric power$25.3 million
  • Gas supply$8.0 million
  • Sewer systems$3.6 million
  • Water supply$2.5 million
Running the government and other costs
15%$9.7 million
What's in running the government and other costsCentral staff services (personnel, purchasing, technology); other and not broken out and 1 more
  • Central staff services (personnel, purchasing, technology)$7.2 million
  • Other and not broken out$2.1 million
  • Other government-run businesses$306 thousand
Parks, recreation and libraries
7.1%$4.6 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$3.6 million
  • Libraries$1.1 million
Police, fire, courts and jails
6.9%$4.5 million
What's in police, fire, courts and jailsPolice and fire protection
  • Police$3.9 million
  • Fire protection$565 thousand
Roads, transit and parking
5.0%$3.2 million
What's in roads, transit and parkingRoads and highways; airports and 1 more
  • Roads and highways$2.9 million
  • Airports$236 thousand
  • Parking$84 thousand
Housing and community development
4.0%$2.6 million
Interest on debt
1.4%$910 thousand
What's in interest on debtInterest on general debt; interest on water supply debt and 1 more
  • Interest on general debt$838 thousand
  • Interest on water supply debt$46 thousand
  • Interest on electric power debt$26 thousand
Sent to other local governments
0.2%$120 thousand
What's in sent to other local governmentsSent to the state government
  • Sent to the state government$120 thousand
Sources and moreWhere these numbers come from and what they cover

City of New Ulm. 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 New Ulm 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.