Finance Department

350 S. 5th St., Room 325M
Minneapolis, MN 55415

About the City’s General Fund

The majority of the City’s annual budget is restricted for specific uses (for instance, water fund revenue can only be used to support that particular program). The City’s discretionary spending is found in its General Fund. The General Fund primarily funds:

The General Fund’s two largest revenue sources (property taxes and state aids) have historically accounted for approximately 60-70 percent of its total funding; however, there has been a shift so that now a greater amount of funding comes from property taxes as the State has significantly cut local aids in the last 10 years.

The 2014 proposed General Fund revenue budget is $465.9M. This is an increase of 21.8% over the 2013 Council Adopted Budget. This increase has been offset by a corresponding decrease in other city funds.

2014 General Fund Chart

Last updated Nov 13, 2013