Government budget and revenue in Lakeville, Minnesota: official figures
Lakeville's city government took in $135.12 million in total revenue in the fiscal year ended 31 December 2023, or $1,812 for each of its 74,553 residents (2024 figure in the finance file); per resident that is the 67th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.
How much does Lakeville spend and on what?
It spent $156.68 million in the same year, $2,102 per resident, the 158th lowest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were roads and highways (19.5%), parks and recreation (18.3%) and the water utility (16.1%) of the total.
Source: U.S. Census Bureau · saved copyHow much tax does Lakeville collect per resident?
Taxes raised $43.76 million ($587 per resident, the 35th lowest of 582) in the fiscal year ended 31 December 2023, 44.3% of general revenue, compared with 49.3% for all US city governments combined in 2022.
Source: U.S. Census Bureau · saved copyWhat taxes does Lakeville rely on?
Of Lakeville's tax revenue in the fiscal year ended 31 December 2023, property tax made up 90.6%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 1.4%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Lakeville's property tax share is the 96th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.
Source: U.S. Census Bureau · saved copyHow much federal and state money does Lakeville get?
Payments from other governments made up 16.5% of Lakeville's city government's general revenue in the fiscal year ended 31 December 2023: 0.2% from the federal government ($2 per resident), 8.0% from the state and 8.3% from other local governments. For all US city governments in 2022 the aid share was 24.3%.
Source: U.S. Census Bureau · saved copyHow much does Lakeville raise from fees and utilities?
Fees and charges for services such as sewerage, trash, parks and airports brought in $23.66 million, 24.0% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $12.41 million.
Source: U.S. Census Bureau · saved copyHow much does Lakeville spend on police?
Lakeville's city government spent $17.59 million on police in the fiscal year ended 31 December 2023, $236 per resident (the 79th lowest of 582) and 11.2% of its total spending; police took 10.3% of spending across all US city governments in 2022.
Source: U.S. Census Bureau · saved copyHow much does Lakeville spend on fire protection?
Fire protection cost $3.02 million, $41 per resident, in the fiscal year ended 31 December 2023.
Source: U.S. Census Bureau · saved copyHow much debt does Lakeville have?
At the end of the fiscal year ended 31 December 2023, Lakeville's city government owed $145.69 million in long-term debt, $1,954 per resident (the 253rd lowest of 582). During the year it issued $12.36 million of new long-term debt and repaid $14.74 million.
Source: U.S. Census Bureau · saved copyHow much does Lakeville pay in interest on its debt?
Interest on debt cost $5.22 million in the fiscal year ended 31 December 2023, 3.3% of total spending.
Source: U.S. Census Bureau · saved copyHow has the Lakeville city budget changed?
Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 47.9% from $1,225 to $1,812, spending per resident rose 30.4% to $2,102, taxes per resident rose 1.4% to $587.
Source: U.S. Census Bureau · saved copyHow Lakeville compares with other cities in the United States
City government total revenue per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 690 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2022 |
|---|---|---|
| 687 | Eastvale | $1,254 |
| 688 | Gaithersburg | $1,239 |
| 689 | Eagan | $1,234 |
| 690 | Lakeville | $1,225 |
| 691 | Hesperia | $1,225 |
| 692 | Lakewood | $1,218 |
| 693 | Baldwin Park | $1,217 |
City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 557 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2022 |
|---|---|---|
| 554 | Burlington | $1,622 |
| 555 | Fulshear | $1,620 |
| 556 | Prescott Valley | $1,618 |
| 557 | Lakeville | $1,612 |
| 558 | Shoreline | $1,611 |
| 559 | Aurora | $1,609 |
| 560 | Burnsville | $1,609 |
City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 666 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2022 |
|---|---|---|
| 663 | Evansville | $584 |
| 664 | Southaven | $583 |
| 665 | Plainfield | $581 |
| 666 | Lakeville | $579 |
| 667 | San Jacinto | $578 |
| 668 | North Las Vegas | $575 |
| 669 | Dunwoody | $575 |
City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 672 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2022 |
|---|---|---|
| 669 | Centennial | $198 |
| 670 | Highland | $198 |
| 671 | Roswell | $198 |
| 672 | Lakeville | $198 |
| 673 | Hesperia | $198 |
| 674 | South Jordan | $197 |
| 675 | Apple Valley | $196 |
City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 311 of 731, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2022 |
|---|---|---|
| 308 | Jeffersonville | $2,325 |
| 309 | North Charleston | $2,315 |
| 310 | Davenport | $2,306 |
| 311 | Lakeville | $2,297 |
| 312 | Kenosha | $2,292 |
| 313 | Collierville | $2,285 |
| 314 | Tampa | $2,284 |
Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 121 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2022 |
|---|---|---|
| 118 | Apple Valley | 88.2% |
| 119 | Maple Grove | 87.9% |
| 120 | Schenectady | 87.8% |
| 121 | Lakeville | 87.2% |
| 122 | Plymouth | 86.5% |
| 123 | Billings | 85.9% |
| 124 | Somerville | 85.7% |
Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))
Lakeville ranks 654 of 730, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2022 |
|---|---|---|
| 651 | Tulare | 7.5% |
| 652 | Midland | 7.5% |
| 653 | Wichita | 7.5% |
| 654 | Lakeville | 7.4% |
| 655 | Perris | 7.4% |
| 656 | Centennial | 7.3% |
| 657 | McKinney | 7.3% |
City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 516 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total revenue per resident, 2024 |
|---|---|---|
| 513 | Allentown | $1,820 |
| 514 | Hialeah | $1,818 |
| 515 | Lancaster | $1,816 |
| 516 | Lakeville | $1,812 |
| 517 | Eden Prairie | $1,809 |
| 518 | Pasadena | $1,808 |
| 519 | Greenwood | $1,807 |
City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 425 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City government total spending per resident, 2024 |
|---|---|---|
| 422 | Omaha | $2,118 |
| 423 | Lee's Summit | $2,115 |
| 424 | Tinley Park | $2,107 |
| 425 | Lakeville | $2,102 |
| 426 | St. Cloud | $2,100 |
| 427 | Pittsburg | $2,097 |
| 428 | Burlington | $2,096 |
City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 548 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City taxes collected per resident, 2024 |
|---|---|---|
| 545 | Gaithersburg | $599 |
| 546 | Pocatello | $598 |
| 547 | Kissimmee | $596 |
| 548 | Lakeville | $587 |
| 549 | Rochester Hills | $586 |
| 550 | Terre Haute | $583 |
| 551 | Brownsville | $582 |
City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 504 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City spending on police per resident, 2024 |
|---|---|---|
| 501 | Overland Park | $242 |
| 502 | Oshkosh | $241 |
| 503 | Bowie | $238 |
| 504 | Lakeville | $236 |
| 505 | Shoreline | $235 |
| 506 | El Paso | $235 |
| 507 | Joplin | $234 |
City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 330 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | City long-term debt outstanding per resident, end of fiscal 2024 |
|---|---|---|
| 327 | Winter Haven | $1,969 |
| 328 | Buffalo | $1,963 |
| 329 | Minneapolis | $1,956 |
| 330 | Lakeville | $1,954 |
| 331 | Greeley | $1,952 |
| 332 | Asheville | $1,947 |
| 333 | Collierville | $1,939 |
Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 96 of 580, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Property tax as a share of city tax revenue, 2024 |
|---|---|---|
| 93 | Newark | 91.0% |
| 94 | Vineland | 90.8% |
| 95 | Janesville | 90.7% |
| 96 | Lakeville | 90.6% |
| 97 | Ankeny | 90.2% |
| 98 | Troy | 90.2% |
| 99 | Apple Valley | 90.1% |
Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))
Lakeville ranks 320 of 582, highest first. City government only: in many cities schools, transit, water or other services are run by separate governments or the county, so totals are not like-for-like. Per resident figures use the population the Census finance file gives each government. Governments whose figures were mostly imputed by the Census Bureau are left out. The government of Washington, DC, also carries out the functions of a state.
| Rank | City | Federal, state and local aid as a share of city general revenue, 2024 |
|---|---|---|
| 317 | Gastonia | 16.8% |
| 318 | Lincoln | 16.7% |
| 319 | Charlotte | 16.6% |
| 320 | Lakeville | 16.5% |
| 321 | Houston | 16.5% |
| 322 | St. Petersburg | 16.5% |
| 323 | Fishers | 16.3% |
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Sources
- U.S. Census Bureau: 2024 Annual Survey of State and Local Government Finances, individual unit files (item amounts for every sampled government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 0967c4d30466…)
- U.S. Census Bureau: 2022 Census of Governments: State and Local Government Finances, individual unit files (item amounts for every government, directory with population and fiscal year end, state estimates by type of government), read 23 October 2026 · saved copy (SHA-256 c8de889f6b33…)
Each saved copy is the file exactly as downloaded, kept so the figures can be checked even if the source changes. Report an error.