Finance & Budget
2025 Budget Summary
| EXPENDITURES | 2024 | 2025 | Difference | Percent |
| Administration | $ 692,000.00 | $ 691,000.00 | $ (1,000.00) | -0.1% |
| Public Safety | $ 785,500.00 | $ 783,330.00 | $ (2,170.00) | -0.3% |
| Public Works | $ 1,144,000.00 | $ 1,164,000.00 | $ 20,000.00 | 1.7% |
| Culture and Rec | $ 560,000.00 | $ 573,000.00 | $ 13,000.00 | 2.3% |
| General Government | $ 1,164,760.00 | $ 1,200,777.00 | $ 36,017.00 | 3.1% |
| TOTAL | $ 4,346,260.00 | $ 4,412,107.00 | $ 65,847.00 | 1.5% |
| REVENUE | ||||
| Taxes | $ 43,000.00 | $ 43,000.00 | $ – | 0.0% |
| Intergovernmental Aid | $ 2,660,717.00 | $ 2,697,753.00 | $ 37,036.00 | 1.4% |
| General Revenue | $ 202,000.00 | $ 202,000.00 | $ – | 0.0% |
| TOTAL | $ 2,905,717.00 | $ 2,942,753.00 | $ 37,036.00 | 1.3% |
| GENERAL LEVY | $ 1,440,543.00 | $ 1,469,354.00 | $ 28,811.00 | 2.0% |
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| DEPARTMENT | 2024 | 2025 | Difference | Percent |
| City Council | $ 25,000.00 | $ 25,000.00 | $ – | 0.0% |
| Administration | $ 625,000.00 | $ 625,000.00 | $ – | 0.0% |
| Election | $ 8,000.00 | $ 1,000.00 | $ (7,000.00) | -87.5% |
| Planning & Zoning | $ 34,000.00 | $ 40,000.00 | $ 6,000.00 | 17.6% |
| Sheriffs | $ 580,000.00 | $ 585,000.00 | $ 5,000.00 | 0.9% |
| Fire Protection | $ 174,000.00 | $ 166,830.00 | $ (7,170.00) | -4.1% |
| Emergency Management | $ 6,000.00 | $ 6,000.00 | $ – | 0.0% |
| Animal Control | $ 25,500.00 | $ 25,500.00 | $ – | 0.0% |
| Streets | $ 900,000.00 | $ 920,000.00 | $ 20,000.00 | 2.2% |
| Buildings | $ 244,000.00 | $ 244,000.00 | $ – | 0.0% |
| Campground | $ 93,000.00 | $ 94,000.00 | $ 1,000.00 | 1.1% |
| Recreation | $ 256,000.00 | $ 263,000.00 | $ 7,000.00 | 2.7% |
| Government | $ 611,600.00 | $ 611,600.00 | $ – | 0.0% |
| Library | $ 211,000.00 | $ 216,000.00 | $ 5,000.00 | 2.4% |
| Transfers | $ 553,160.00 | $ 589,177.00 | $ 36,017.00 | 6.5% |
| Total | $ 4,346,260.00 | $ 4,412,107.00 | $ 65,847.00 | 1.5% |
| GENERAL REVENUE | 2024 | 2025 | Difference | Percent |
| Lic. & Permits | $ 27,000.00 | $ 27,000.00 | $ – | 0.0% |
| Charges for Service | $ 95,000.00 | $ 95,000.00 | $ – | 0.0% |
| Fines | $ 10,000.00 | $ 10,000.00 | $ – | 0.0% |
| Interest | $ 15,000.00 | $ 15,000.00 | $ – | 0.0% |
| Refunds | $ 50,000.00 | $ 50,000.00 | $ – | 0.0% |
| General | $ 5,000.00 | $ 5,000.00 | $ – | 0.0% |
| Subtotal | $ 202,000.00 | $ 202,000.00 | $ – | 0.0% |
| INTERGOVERNMENTAL REVENUE | ||||
| Local Government Aid | $ 1,595,717.00 | $ 1,597,753.00 | $ 2,036.00 | 0.1% |
| Taconite Production Tax | $ 580,000.00 | $ 580,000.00 | $ – | 0.0% |
| Taconite Municipal Aid | $ 335,000.00 | $ 335,000.00 | $ – | 0.0% |
| Mining Effects Tax | $ 110,000.00 | $ 110,000.00 | $ – | 0.0% |
| Other | $ 40,000.00 | $ 75,000.00 | $ 35,000.00 | 87.5% |
| Subtotal | $ 2,660,717.00 | $ 2,697,753.00 | $ 37,036.00 | 1.4% |
| TAXES | ||||
| Tax Levy | $ 1,440,543.00 | $ 1,483,760.00 | $ 43,217.00 | 3.0% |
| Misc. Taxes | $ 20,000.00 | $ 20,000.00 | $ – | 0.0% |
| Franchise | $ 23,000.00 | $ 23,000.00 | $ – | 0.0% |
| Subtotal | $ 1,483,543.00 | $ 1,526,760.00 | $ 43,217.00 | 2.9% |
| Total | $ 4,346,260.00 | $ 4,426,513.00 | $ 80,253.00 | 1.8% |
