City government · Scott County, MN

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

In the latest recorded fiscal year (ended December 31, 2023), Shakopee took in $76.8 million and spent $70.9 million.

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

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Where it comes from

City taxes57%Fines and other19%Fees for services (sewer, parks and recreation)13%State tax money11%Federal tax money0.2%

What stands out

21%

of Shakopee's money comes from taxes other than property, sales and income taxes.A typical U.S. city of 10,000 to 50,000 people gets 6.1%.

City taxes57%

Property tax
35%$27.2 million
Other taxes
21%$16.2 million
What's in other taxesOther licenses; public utility taxes and 3 more
  • Other licenses$10.0 million
  • Public utility taxes$5.6 million
  • Other selective sales taxes$461 thousand
  • Alcoholic beverage licenses$195 thousand
  • Occupation and business licenses$15 thousand

Amounts are by Census tax category.

Fees for services13%

Fees for services
13%$10.2 million
What's in fees for servicesSewer; parks and recreation and 2 more
  • Sewer$5.4 million
  • Parks and recreation$2.9 million
  • Other service charges$1.8 million
  • Garbage collection$112 thousand

Amounts are by Census type of charge.

Federal tax money0.2%

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

From the federal government
0.2%$155 thousand

State tax money11%

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

From the state
11%$8.7 million

Fines and other19%

Interest, rents and other
18%$13.8 million
Fines
0.6%$471 thousand

Where it goes

Running the government and other costs26%Roads, transit and parking25%Police, fire, courts and jails23%Water, sewer, trash and utilities12%Parks, recreation and libraries11%All other spending2.6%

What stands out

25%

of Shakopee's spending goes to roads, transit and parking.A typical U.S. city of 10,000 to 50,000 people spends 10%.

Spending by category100%

Running the government and other costs
26%$18.5 million
What's in running the government and other costsOther and not broken out; central staff services (personnel, purchasing, technology) and 2 more
  • Other and not broken out$10.5 million
  • Central staff services (personnel, purchasing, technology)$3.6 million
  • Government buildings$3.3 million
  • Finance, tax collection and budgeting$1.1 million
Roads, transit and parking
25%$17.9 million
What's in roads, transit and parkingRoads and highways
  • Roads and highways$17.9 million
Police, fire, courts and jails
23%$16.2 million
What's in police, fire, courts and jailsPolice; fire protection and 1 more
  • Police$11.0 million
  • Fire protection$3.6 million
  • Inspections and regulation$1.7 million
Water, sewer, trash and utilities
12%$8.5 million
What's in water, sewer, trash and utilitiesSewer systems
  • Sewer systems$8.5 million
Parks, recreation and libraries
11%$8.0 million
What's in parks, recreation and librariesParks and recreation
  • Parks and recreation$8.0 million
Interest on debt
2.5%$1.8 million
Environment and natural resources
<0.1%$43 thousand
What's in environment and natural resourcesNatural resources, farming and conservation
  • Natural resources, farming and conservation$43 thousand
Sources and moreWhere these numbers come from and what they cover

City of Shakopee. 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 Shakopee 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.