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Budget & Finance
Ramsey County uses its two-year (biennial) operating budget to monitor revenue and expenses, and to improve financial management and strategic planning. The Capital Improvement Program (CIP) is used to fund projects such as major equipment purchases and construction or renovation of facilities. Annual financial reports present the county's financial position, along with historical trend data and demographic information.
Explore current budget revenues and expenditures in the Open Finance section of our Open Data Portal.
2022-23 budget
2022-23 approved budget
Proposed budget materials
- Press release: County Board approves 2022-2023 budget
- Video: 2022-23 budget community conversation - Aug. 30 (passcode: k8?*8A6C)
- Press release: 2022-23 Proposed Budget Submitted to County Board
- Video: County Manager and county leaders present proposed 2022-2023 budget to County Board
- 2022-2023 proposed biennial budget book (PDF)
- Summary and recording of the Nov. 29 hearing
- 2022-2023 County Manager proposed budget presentation (PDF)
- Trends affecting property values and taxes - Assessor and Auditor-Treasurer presentation (PDF)
- 2020 financial overview and fund balance report summary (PDF)
- 2020 financial overview and fund balance report highlights (PDF)
- Community indicators presentation (PDF)
- Proposed fees for 2022-2023 proposed budget (PDF)
Current Capital Improvement budget and plan
The Capital Improvement Program (CIP) is a six-year plan for facility, equipment and infrastructure needs. The capital budget consists of those projects funded in the first two years of the CIP. An advisory committee consisting of up to 14 citizens appointed by the county board and staff reviews requests and makes CIP recommendations to the board. These documents are PDFs.
Bond information
Ramsey County's current general obligation bond ratings are:
AAA Standard and Poor's
Aaa Moody's
Ramsey County received “Triple A” bond ratings from both Moody’s and Standard & Poor’s rating agencies for its 2022 bond sale. Both rating agencies also assigned a stable outlook for future Ramsey County bond ratings.
Ramsey County has maintained these highest possible bond ratings from both Moody’s (Aaa) and Standard & Poor’s (AAA) since 2001. The Aaa/AAA ratings result in reduced interest costs on bonds sold to finance the county’s capital projects. These ratings also put Ramsey County in a select group of counties nationally. Only 65 out of more than 3,100 counties and county equivalents in the United States are rated Triple A by both Moody’s and Standard & Poor’s, putting the county’s credit rating in the top 2.1% of counties nationally.
Ramsey County is the only county in Minnesota to hold the top bond ratings from both Moody’s and Standard & Poor’s, along with earning all three GFOA annual awards for excellence for its comprehensive annual financial report, popular annual financial report and Distinguished Budget Presentation. Ramsey County’s bond rating (Aaa/AAA) is higher than the U.S. Federal Government (Aaa/AA+) and the state of Minnesota (Aa1/AAA).
The agencies noted the county’s vibrant local economy and growing tax base. Also cited was Ramsey County’s very strong management supporting stable operations throughout the COVID-19 pandemic and healthy reserves, a low debt burden, and strong budgeting practices and budget performance.
Current year
All documents are available in PDF format.