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Government budget and revenue in Minneapolis, Minnesota: official figures

Minneapolis' city government took in $1.3 billion in total revenue in the fiscal year ended 31 December 2023, or $3,077 for each of its 425,096 residents (2024 figure in the finance file); per resident that is the 254th highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey.

City government revenue per resident
$3,077
2024
City government spending per resident
$2,782
2024
City long-term debt per resident
$1,956
2024

How much does Minneapolis spend and on what?

It spent $1.2 billion in the same year, $2,782 per resident, the 273rd highest of 582 US cities of 50,000 or more with reported figures in the 2024 Census survey. The largest identified functions were police (22.0%), sewerage (13.1%) and parks and recreation (13.1%) of the total.

Source: U.S. Census Bureau · saved copy

How much tax does Minneapolis collect per resident?

Taxes raised $564.57 million ($1,328 per resident, the 187th highest of 582) in the fiscal year ended 31 December 2023, 46.4% of general revenue, compared with 49.3% for all US city governments combined in 2022.

Source: U.S. Census Bureau · saved copy

What taxes does Minneapolis rely on?

Of Minneapolis' tax revenue in the fiscal year ended 31 December 2023, property tax made up 71.0%, general sales tax 9.1%, selective sales taxes (on utilities, fuel, alcohol, tobacco, hotels and others) 11.8%. Across all US city governments in 2022, property tax made up 48.1% and general sales tax 19.8%; Minneapolis' property tax share is the 165th highest of 580 US cities of 50,000 or more with reported figures in the 2024 Census survey.

Source: U.S. Census Bureau · saved copy

How much federal and state money does Minneapolis get?

Payments from other governments made up 21.5% of Minneapolis' city government's general revenue in the fiscal year ended 31 December 2023: 8.2% from the federal government ($234 per resident), 11.5% from the state and 1.9% from other local governments. For all US city governments in 2022 the aid share was 24.3%.

Source: U.S. Census Bureau · saved copy

How much does Minneapolis raise from fees and utilities?

Fees and charges for services such as sewerage, trash, parks and airports brought in $360.37 million, 29.6% of general revenue (all US city governments in 2022: 20.0%). Revenue of government-owned utilities (water, electricity, gas or transit) added $92.66 million.

Source: U.S. Census Bureau · saved copy

How much does Minneapolis spend on police?

Minneapolis' city government spent $260.45 million on police in the fiscal year ended 31 December 2023, $613 per resident (the 51st highest of 582) and 22.0% of its total spending; police took 10.3% of spending across all US city governments in 2022.

Source: U.S. Census Bureau · saved copy

How much does Minneapolis spend on fire protection?

Fire protection cost $78.96 million, $186 per resident, in the fiscal year ended 31 December 2023.

Source: U.S. Census Bureau · saved copy

How much debt does Minneapolis have?

At the end of the fiscal year ended 31 December 2023, Minneapolis' city government owed $831.45 million in long-term debt, $1,956 per resident (the 254th lowest of 582). During the year it issued $116.91 million of new long-term debt and repaid $108.81 million.

Source: U.S. Census Bureau · saved copy

How much does Minneapolis pay in interest on its debt?

Interest on debt cost $32.93 million in the fiscal year ended 31 December 2023, 2.8% of total spending.

Source: U.S. Census Bureau · saved copy

How has the Minneapolis city budget changed?

Between the Census survey years 2022 and 2024 (not adjusted for inflation), total revenue per resident rose 24.2% from $2,478 to $3,077, spending per resident fell 10.8% to $2,782, taxes per resident rose 23.0% to $1,328.

Source: U.S. Census Bureau · saved copy

How Minneapolis 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))

Minneapolis ranks 335 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.

RankCityCity government total revenue per resident, 2022
332Columbus$2,497
333Greeley$2,491
334Vancouver$2,483
335Minneapolis$2,478
336Santa Rosa$2,473
337Cape Coral$2,470
338Hoffman Estates$2,461
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 214 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.

RankCityCity government total spending per resident, 2022
211Longmont$3,156
212Waco$3,132
213San Luis Obispo$3,121
214Minneapolis$3,120
215Santa Ana$3,110
216Vista$3,097
217Santa Fe$3,096
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 290 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.

RankCityCity taxes collected per resident, 2022
287Huntington Beach$1,091
288Bloomington$1,085
289Trenton$1,081
290Minneapolis$1,080
291Baytown$1,078
292Dubuque$1,076
293Sioux City$1,075
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 208 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.

RankCityCity spending on police per resident, 2022
205Downey$393
206Nashville$393
207Manteca$393
208Minneapolis$391
209Fort Worth$390
210Eugene$388
211Reno$387
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 349 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.

RankCityCity long-term debt outstanding per resident, end of fiscal 2022
346Bristol$2,050
347Carson$2,046
348Apex$2,044
349Minneapolis$2,030
350Milpitas$2,007
351Haverhill$2,000
352Southfield$1,994
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 147 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.

RankCityProperty tax as a share of city tax revenue, 2022
144Hollywood76.9%
145Alexandria76.9%
146Frederick76.7%
147Minneapolis76.2%
148Meridian75.9%
149Buffalo75.5%
150Delray Beach75.4%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2022 (Survey year 2022 (fiscal years ended July 2021 to June 2022))

Minneapolis ranks 314 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.

RankCityFederal, state and local aid as a share of city general revenue, 2022
311Jacksonville20.0%
312Kalamazoo20.0%
313Doral19.9%
314Minneapolis19.9%
315Hialeah19.8%
316Raleigh19.8%
317Asheville19.8%
Source: U.S. Census Bureau · saved copy

City government total revenue per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 254 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.

RankCityCity government total revenue per resident, 2024
251Spokane$3,088
252Victorville$3,086
253Bellingham$3,080
254Minneapolis$3,077
255Sacramento$3,061
256Redlands$3,051
257Oxnard$3,044
Source: U.S. Census Bureau · saved copy

City government total spending per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 273 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.

RankCityCity government total spending per resident, 2024
270Vacaville$2,802
271Oklahoma City$2,795
272Manhattan$2,792
273Minneapolis$2,782
274Madison$2,765
275Mooresville$2,759
276Clarksville$2,756
Source: U.S. Census Bureau · saved copy

City taxes collected per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 187 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.

RankCityCity taxes collected per resident, 2024
184Ann Arbor$1,335
185Midland$1,335
186Glendale$1,335
187Minneapolis$1,328
188Chapel Hill$1,328
189Casa Grande$1,316
190Roseville$1,316
Source: U.S. Census Bureau · saved copy

City spending on police per resident, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 51 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.

RankCityCity spending on police per resident, 2024
48Glendale$622
49Atlanta$618
50Milwaukee$616
51Minneapolis$613
52Sunnyvale$610
53Alameda$608
54Detroit$603
Source: U.S. Census Bureau · saved copy

City long-term debt outstanding per resident, end of fiscal 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 329 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.

RankCityCity long-term debt outstanding per resident, end of fiscal 2024
326Palm Bay$1,969
327Winter Haven$1,969
328Buffalo$1,963
329Minneapolis$1,956
330Lakeville$1,954
331Greeley$1,952
332Asheville$1,947
Source: U.S. Census Bureau · saved copy

Property tax as a share of city tax revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 165 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.

RankCityProperty tax as a share of city tax revenue, 2024
162Winston-Salem71.7%
163Miami71.5%
164Rochester71.3%
165Minneapolis71.0%
166Waterloo70.9%
167Palatine70.8%
168Mooresville70.7%
Source: U.S. Census Bureau · saved copy

Federal, state and local aid as a share of city general revenue, 2024 (Survey year 2024 (fiscal years ended July 2023 to June 2024))

Minneapolis ranks 247 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.

RankCityFederal, state and local aid as a share of city general revenue, 2024
244Greenville21.7%
245Inglewood21.6%
246Concord21.6%
247Minneapolis21.5%
248Missoula21.4%
249Scottsdale21.4%
250Hoffman Estates21.3%
Source: U.S. Census Bureau · saved copy

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Sources

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