According to the City's published financial reports for the year 2000:
Revenues were $304 million (excluding money from other government sources).
Expenditures were $480 million.
Debt was $1.2 billion ($1.7 billion with interest)
Revenue Breakdown:
$195,224,000 from taxes
$19,429,000 from licenses and permits
$35,122,000 charges for services and sales
$8,555,000 from fines and forfeits
$45,632,000 from special assessments, interest, and miscellaneous
Expenditure Breakdown:
$52,081,000 for general government
$149,636,000 for public safety
$35,846,000 for highways and streets
$20,718,000 for health and welfare (Note: this is the County's
responsibility)
$66,585,000 for culture and recreation
$21,692,000 for economic development
$35,232 ,000 for urban development and housing
$97,997,000 for debt service (Note: it's a good thing that interest
rates are low)
Footnotes:
The City relies heavily on money from other government sources. Shortages of
money at all levels make this source difficult to predict.
The effects of property tax reform, passed by the MN legislature last year,
are not reflected in these numbers. These numbers are from last year - 2000.
Chopping off a few zeros will make this scenario equivalent to a family with
annual income of $30,396, expenses of $47,979, and unsecured debts of
$116,403.
Vicky Heller
St. Paul (specifically North Oaks)
Still a Minneapolis Taxpayer though
>>>
Keep up the good work
I think you will get some to understand.
Hopefully it will be those who do the spending and taxing.
Mel Gregerson CAPS
South Mpls._____________
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_______________________________________
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