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.
2020-2021 budget
2019 supplemental budget
- 2019 performance measures and supplemental budget (PDF)
- 2017 financial overview and fund balance report summary (PDF)
- 2019 performance measures and supplemental budget hearing schedule (PDF)
- Ramsey County Manager's 2019 recommended supplemental budget presentation (PDF)
- Trends affecting payable 2019 property taxes in Ramsey County (PDF)
- 2018 Assessor's mid-year update (PDF)
- 2019 Supplemental Budget submitted to County Board (press release)
- Responses to questions raised during the 2019 supplemental budget process
Approved 2019 supplemental budget
- Budget resolution A (PDF)
- Budget resolution B (PDF)
- Detail of adjustments (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.
Current financial reports
- 2018 Comprehensive Annual Financial Report (PDF)
- 2018 Popular Annual Financial Report (PDF)
- 2018 Regional Railroad Authority Annual Financial Report (PDF)
- 2018 OPEB Report (PDF)
- 2017 Summary Financial Statement (PDF)
- 2017 Fund Balance Report (PDF)
- 2017 Financial Overview and Fund Balance Report (PDF)
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 2019 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 CAFR, PAFR, 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).
Both rating agencies noted the county’s vibrant local economy, growing tax base and low unemployment rate. They also mentioned the significant redevelopment projects occurring in the county, specifically Rice Creek Commons, Riverfront Properties, Allianz Field and the former Ford plant. Also cited was Ramsey County’s very strong management supporting stable operations and healthy reserves, a low debt burden, and strong budgeting practices and budget performance.
Current year
All documents are available in PDF format.