Minnesota City Finances – 2008 Revenues, Expenditures, and Debt

Source: Rebecca Otto, State of Minnesota, Office of the State Auditor, 2008

From the summary:
According to a just released Minnesota State Auditor’s report, cities are relying more heavily on property tax revenue to fund their services. In the past decade (1999-2008) this revenue grew 102%. The report contains many other interesting facts such as “Over the ten-year period of 1999 to 2008, an examination of city finances shows that when adjusted for inflation, 2008 expenditure levels are below 1999 levels and decreased 7 percent over the ten-year period.”

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