City government · Itasca County, MN
Taconite's money: where it comes from and where it goes
In the latest recorded fiscal year (ended December 31, 2021), Taconite took in $759 thousand and spent $514 thousand.
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Where it comes from
What stands out
of Taconite's money comes from state tax money.A typical U.S. city, town or village of under 10,000 people gets 10%.
City taxes28%
What's in other taxesPublic utility taxes and other licenses
- Public utility taxes$4 thousand
- Other licenses$1 thousand
Amounts are by Census tax category.
Fees for services35%
What's in fees for servicesSewer; water and 3 more
- Sewer$145 thousand
- Water$71 thousand
- Other service charges$41 thousand
- Road charges$4 thousand
- Garbage collection$4 thousand
Amounts are by Census type of charge.
Federal tax money4.6%
Grants from Washington, paid for by the federal taxes residents also pay.
State tax money27%
Money the state passes on, paid for by the state taxes residents also pay.
Fines and other5.4%
Where it goes
What stands out
of Taconite's spending goes to running the government and other costs.A typical U.S. city, town or village of under 10,000 people spends 22%.
Spending by category100%
What's in running the government and other costsOther and not broken out; finance, tax collection and budgeting and 1 more
- Other and not broken out$154 thousand
- Finance, tax collection and budgeting$39 thousand
- Central staff services (personnel, purchasing, technology)$8 thousand
What's in water, sewer, trash and utilitiesGarbage and solid waste; water supply and 1 more
- Garbage and solid waste$68 thousand
- Water supply$43 thousand
- Sewer systems$13 thousand
What's in roads, transit and parkingRoads and highways
- Roads and highways$101 thousand
What's in police, fire, courts and jailsFire protection and police
- Fire protection$50 thousand
- Police$1 thousand
What's in parks, recreation and librariesParks and recreation
- Parks and recreation$37 thousand
Sources and moreWhere these numbers come from and what they cover
City of Taconite. 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 Taconite 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.