State Auditor Julie Blaha Releases 2024 County Finances Report - October 2, 2026
Contact: Nadine Kottom-Dale | (612) 391-7000
“Minnesota counties saw strong revenue growth in 2024, but spending climbed even faster as communities invested in services and major projects,” said State Auditor Julie Blaha.
ST. PAUL, Minn. – The Office of the State Auditor (OSA) released the 2024 Minnesota County Finances Report today. In 2024, county governmental fund revenues totaled $10.3 billion, up 5% from 2023. Governmental fund expenditures reached $10.5 billion, an increase of 9.5%, driven by higher current expenditures and a sharp rise in capital outlays.
In 2024, county governmental revenues increased by 5% and governmental expenditures increased by 9.5%. The largest sources of revenue were taxes, state grants and federal grants, making up 81.2% of total county revenues. The largest sources of governmental expenditures were human services, general government, public safety, streets and highways, accounting for 82.2% of all county spending.
The highlights from the 2024 report include:
Minnesota county governmental revenues totaled $10.3 billion, a 5% increase from 2023.
Counties reported total governmental expenditures reached $10.5 billion, rising 9.5% from 2023, with capital outlays increasing by 21.9%.
Outstanding long-term debt was reported at $4.5 billion, up 2.8% from 2023, with most debt in the form of bonds.
Minnesota counties’ enterprise operating losses rose 23.6% to $262.1 million in 2024, while net income fell 53.6% to $31.6 million.
Minnesota counties’ unrestricted fund balances of the General and Special Revenue Funds totaled $3.9 billion, a 7% increase from 2023.
Over the past decade, county governmental revenues rose 61%, and governmental expenditures grew by 59.3%. After adjusting for inflation, revenues rose by 20.6%, and expenditures by 19.3% over this period.
You can view the complete report on the OSA website.
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