Government budget and revenue in Minnesota, United States: official figures
Minnesota's state government took in $63.0 billion in fiscal year 2024, $10,873 per resident, 13th highest of 50 states per person (all states: $9,318 per person). The total includes taxes, federal funds, charges and pension-fund investment income.
How much does the Minnesota state government spend?
The Minnesota state government spent $61.2 billion in fiscal year 2024, or $10,565 per resident, 14th highest of 50 states (all states: $9,444). Spending was 21.3% higher than in fiscal year 2019 ($50.5 billion), before adjusting for inflation.
Source: U.S. Census Bureau · saved copyHow much debt does the Minnesota state government have?
Minnesota state government debt outstanding was $17.0 billion at the end of fiscal year 2024, $2,938 per resident, 25th lowest of 50 states (all states: $3,248). That equals 27% of one year's general revenue; in fiscal year 2019 the debt was $17.4 billion.
Source: U.S. Census Bureau · saved copyHow much federal funding does Minnesota get?
The federal government provided $19.5 billion to the Minnesota state government in fiscal year 2024, $3,367 per resident and 31.0% of its general revenue, 16th lowest share of 50 states (all states: 34.2%).
Source: U.S. Census Bureau · saved copyWhat are federal funds to Minnesota spent on?
Public welfare programmes, mainly Medicaid, accounted for $14.5 billion or 74% of Minnesota's federal funds in fiscal year 2024, and education for $2.3 billion (12%).
Source: U.S. Census Bureau · saved copyWhat does the Minnesota state government spend its money on?
Direct state spending on public welfare was $4,035 per resident in fiscal year 2024, 11th highest of 50 states (all states: $3,000); higher education took $1,073 per resident and highways $395.
Source: U.S. Census Bureau · saved copyHow much does Minnesota give to local governments and schools?
32.1% of Minnesota's state general spending in fiscal year 2024 ($19.5 billion) was paid to other governments, mostly local governments and school districts, 6th highest share of 50 states (all states: 27.7%).
Source: U.S. Census Bureau · saved copyHow much tax does Minnesota collect?
Minnesota collected $36.9 billion in state taxes in fiscal year 2025, $6,327 per resident, 10th highest of 50 states (all states: $4,503). That was 3.4% more than in fiscal year 2024 ($35.7 billion); across all states collections rose 4.3%.
Source: U.S. Census Bureau · saved copyWhat taxes does Minnesota rely on?
The individual income tax raised $14.0 billion (37.8% of state taxes, 17th highest share of 50 states) in fiscal year 2025. The general sales tax raised $8.6 billion (23.4%, 14th lowest share of 50 states). The largest single tax was the individual income tax (37.8%), followed by the general sales and gross receipts tax (23.4%).
Source: U.S. Census Bureau · saved copyDoes Minnesota have corporate, property or severance taxes?
In fiscal year 2025, in Minnesota, corporate net income tax raised $5.9 billion (16.1% of state taxes); state property tax raised $746.8 million; severance tax on oil, gas, coal and minerals raised $66.9 million (0.2% of state taxes).
Source: U.S. Census Bureau · saved copyHow much money does the Minnesota state government hold in reserves?
The Minnesota state government held $96.3 billion in cash and securities at the end of fiscal year 2024, $16,613 per resident, of which $94.0 billion was in insurance trust funds such as public employee pension systems.
Source: U.S. Census Bureau · saved copyHow Minnesota compares with other states
State government revenue per person (2024)
Minnesota ranks 13 of 50, highest first. All revenue of the state government, including insurance trust income, divided by 1 July population
| Rank | Region | State government revenue per person |
|---|---|---|
| 10 | Massachusetts | $11,577 |
| 11 | Oregon | $11,361 |
| 12 | Rhode Island | $11,182 |
| 13 | Minnesota | $10,873 |
| 14 | Connecticut | $10,689 |
| 15 | New Jersey | $10,593 |
| 16 | Kentucky | $10,585 |
State government spending per person (2024)
Minnesota ranks 14 of 50, highest first. Total expenditure of the state government divided by 1 July population
| Rank | Region | State government spending per person |
|---|---|---|
| 11 | Wyoming | $11,158 |
| 12 | Rhode Island | $11,099 |
| 13 | West Virginia | $10,880 |
| 14 | Minnesota | $10,565 |
| 15 | Kentucky | $10,405 |
| 16 | New Jersey | $10,223 |
| 17 | Maryland | $10,187 |
State government debt per person (2024)
Minnesota ranks 26 of 50, highest first. Debt outstanding at the end of the fiscal year divided by 1 July population
| Rank | Region | State government debt per person |
|---|---|---|
| 23 | Louisiana | $3,487 |
| 24 | Illinois | $3,415 |
| 25 | New Mexico | $3,347 |
| 26 | Minnesota | $2,938 |
| 27 | South Carolina | $2,798 |
| 28 | Ohio | $2,722 |
| 29 | Mississippi | $2,618 |
Federal funds received by the state government per person (2024)
Minnesota ranks 23 of 50, highest first. Intergovernmental revenue from the federal government
| Rank | Region | Federal funds received by the state government per person |
|---|---|---|
| 20 | Pennsylvania | $3,410 |
| 21 | Indiana | $3,403 |
| 22 | California | $3,398 |
| 23 | Minnesota | $3,367 |
| 24 | Hawaii | $3,360 |
| 25 | Michigan | $3,323 |
| 26 | Alabama | $3,282 |
Federal funds as a share of state general revenue (2024)
Minnesota ranks 35 of 50, highest first.
| Rank | Region | Federal funds as a share of state general revenue |
|---|---|---|
| 32 | South Carolina | 32.8% |
| 33 | Iowa | 32.6% |
| 34 | Nevada | 31.9% |
| 35 | Minnesota | 31.0% |
| 36 | New Mexico | 30.9% |
| 37 | Illinois | 30.4% |
| 38 | Wisconsin | 30.3% |
State tax collections per person (2025)
Minnesota ranks 10 of 50, highest first.
| Rank | Region | State tax collections per person |
|---|---|---|
| 7 | New York | $6,563 |
| 8 | Delaware | $6,557 |
| 9 | Massachusetts | $6,454 |
| 10 | Minnesota | $6,327 |
| 11 | New Jersey | $5,662 |
| 12 | Illinois | $5,606 |
| 13 | Maryland | $5,255 |
Individual income tax as a share of state taxes (2025)
Minnesota ranks 17 of 50, highest first.
| Rank | Region | Individual income tax as a share of state taxes |
|---|---|---|
| 14 | Delaware | 39.6% |
| 15 | Maine | 39.5% |
| 16 | New Jersey | 38.9% |
| 17 | Minnesota | 37.8% |
| 18 | Oklahoma | 37.5% |
| 19 | Kansas | 35.6% |
| 20 | Illinois | 35.6% |
General sales tax as a share of state taxes (2025)
Minnesota ranks 37 of 50, highest first.
| Rank | Region | General sales tax as a share of state taxes |
|---|---|---|
| 34 | Oklahoma | 26.9% |
| 35 | Connecticut | 25.3% |
| 36 | North Dakota | 25.0% |
| 37 | Minnesota | 23.4% |
| 38 | Colorado | 23.2% |
| 39 | Illinois | 22.9% |
| 40 | Maryland | 21.5% |
State spending on public welfare per person (2024)
Minnesota ranks 11 of 50, highest first. Direct general expenditure on public welfare, mainly Medicaid
| Rank | Region | State spending on public welfare per person |
|---|---|---|
| 8 | Rhode Island | $4,101 |
| 9 | Louisiana | $4,053 |
| 10 | Maine | $4,045 |
| 11 | Minnesota | $4,035 |
| 12 | California | $3,981 |
| 13 | Delaware | $3,785 |
| 14 | Oklahoma | $3,557 |
More on Minnesota: overview · economy and jobs · health · education and schools · poverty and living standards · the United States
Sources
- U.S. Census Bureau: Annual Survey of State Government Finances: State Government Finances, U.S. and States, 2012-2024 (table GS00STATEFIN01, amounts in thousands of dollars), read 23 October 2026 · saved copy (SHA-256 72ff59b48414…)
- U.S. Census Bureau: Annual Survey of State Government Tax Collections: historical database, fiscal years to 2025 (thousands of dollars), read 23 October 2026 · saved copy (SHA-256 bdf560cd3d8f…)
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