City government · Carver County, MN

Norwood Young America's money: where it comes from and where it goes

In the latest recorded fiscal year (ended December 31, 2023), Norwood Young America took in $9.4 million and spent $10.0 million.

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

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Where it comes from

Fees for services (housing, water)46%City taxes38%State tax money8.5%Fines and other6.6%County and local tax money1.3%

What stands out

36%

of Norwood Young America's money comes from property tax.A typical U.S. city, town or village of under 10,000 people gets 15%.

City taxes38%

Property tax
36%$3.4 million
Other taxes
1.1%$106 thousand
What's in other taxesOther licenses
  • Other licenses$106 thousand

Amounts are by Census tax category.

Fees for services46%

Fees for services
46%$4.3 million
What's in fees for servicesHousing; water and 5 more
  • Housing$2.1 million
  • Water$1.1 million
  • Sewer$874 thousand
  • Garbage collection$97 thousand
  • Other service charges$88 thousand
  • Parks and recreation$73 thousand
  • Other government-run businesses$6 thousand

Amounts are by Census type of charge.

State tax money8.5%

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

From the state
8.5%$799 thousand

County and local tax money1.3%

Money passed on by the county or other local governments.

From the county and other local governments
1.3%$123 thousand

Fines and other6.6%

Interest, rents and other
6.5%$610 thousand
Fines
0.1%$12 thousand

Where it goes

Roads, transit and parking23%Housing and community development20%Water, sewer, trash and utilities18%Running the government and other costs14%Parks, recreation and libraries12%All other spending13%

What stands out

20%

of Norwood Young America's spending goes to housing and community development.Most U.S. cities, towns and villages of under 10,000 people spend nothing on this.

Spending by category100%

Roads, transit and parking
23%$2.3 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$2.3 million
Housing and community development
20%$2.0 million
Water, sewer, trash and utilities
18%$1.8 million
What's in water, sewer, trash and utilitiesWater supply and sewer systems
  • Water supply$935 thousand
  • Sewer systems$843 thousand
Running the government and other costs
14%$1.4 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$1.0 million
  • Finance, tax collection and budgeting$370 thousand
  • Central staff services (personnel, purchasing, technology)$19 thousand
  • Other government-run businesses$3 thousand
Parks, recreation and libraries
12%$1.2 million
What's in parks, recreation and librariesParks and recreation and libraries
  • Parks and recreation$1.1 million
  • Libraries$25 thousand
Police, fire, courts and jails
6.3%$631 thousand
What's in police, fire, courts and jailsFire protection and police
  • Fire protection$324 thousand
  • Police$307 thousand
Interest on debt
6.2%$618 thousand
What's in interest on debtInterest on general debt and interest on water supply debt
  • Interest on general debt$526 thousand
  • Interest on water supply debt$92 thousand
Sources and moreWhere these numbers come from and what they cover

City of Norwood Young America. 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 Norwood Young America 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.