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HomeMy WebLinkAboutFinancing Local Government in the 1980s CITY OF OAK PARK HEIGHTS, MINNESOTA SPECIAL REPORT FINANCING MINNESOTA LOCAL GOVERNMENT IN THE 1980's MARCH, 1982 SPECIAL REPORT FINANCING MINNESOTA LOCAL GOV=NMENT IN THE 1980`s TABLE OF CONTENTS PAGES INTRODUCTION AND OVERVIEW 2 - 5 DETAILED ANALYSIS AND REVIEW: History of Loral Property Taxes 5 - 15 Local Government Aid 16 - 18 Education Aids 19 - 21 Property Tax - Levy Limitations 21 - 22 Generally Accepted Accounting Principles vs, "Shifting" 22 - 25 CURRENT POSITION OF THE STATE BUDGET AND CASH FLOW OPERATING RESERVES 25 - 27 z ANOTHER SHIFT - BACK TO LOCAL PROPERTY TAXES 28 - 29 SUMMARY AND CONCLUSION 29 - 32 P + A , t R q � iKIII'Al: 1111, ®11 IIII IMI, IIii: JEU: llei :l::.IIIle:e,lllmf:IriW „._.. Ilu- II.i1:1::11 #:.,11.11 Am mat agar - � — I�II�i141�J {wlll�l�llJll — - _ . i I� d f A a ?, I v - - 1 W I I' ' - _ *WUMA 44 OMW . — I I d*l - I vi” ._ ... - • I { = s `' I1 - - — tu IW y Y � - - - " *=**Wjftm w .- _ - p wammi tA t' a — X11 ildirV I I Ie ul!'I��IIJ �IIIII,V J,dh � li;il�llllIY" i'�IIVIi�Ndi�� I Al 1 ' x I ` I City of Oak Park Heights Special Report, Page 2 The following Introduction and Overview section of this Report will attempt to define the present position of local. government in this State. However, the present situation and problem is not simple, but rather, extremely complex. The financial environment for Minnesota Cities and other local government was changed greatly in 1981. The remaining sections of this Report will attempt to detail those changes which have occurred and offer a perspective of the meaning of those changes. We have prepared the schedules contained in this Report from data compiled by various departments and agen- cies of the State of Minnesota as well as data from your City and data from your County. INTRODUCTION AND OVERVIEW The primary purpose and function of local government is to collect financial re- sources and then to expend these financial .resources providing services deemed necessary and beneficial to the local community. In the State of Minnesota, these financial resources are collected at the State level (individual income taxes, corporate .income taxes, and general sales taxes) as well as at the local level (property taxes, licenses and permits, and other charges for services rendered). This process of collecting taxes at one level of government to finance services provided by another level of government adds to the complexity of financing local government. Additionally, (and more important), the direct relationship between the level of services to be provided and the cost of those services becomes clouded, if not lost. Prior to 1972, local government units substantially controlled both functions (level of services to be provided and level of taxation to finance those services) with little control by State government. Each local government unit had the autonomy to decide its own level of services and its own level of taxation. This autonomy placed direct respon- sibility for both level of services and taxation with each governing body. Accordingly, the direct connection between level of services and the cost of those services was easily and readily visible. City of Oak Park Heights Special Report, Page 3 Since 1971, this direct connection between responsibility and the corresponding authority has been greatly diminished, if not lost. Local government still assumes the responsibility for providing local services. However, the resources available to finance these services are controlled by the State. The taxing authority of all Minnesota local government units is greatly controlled by State Statutes relating to levy limitations. Levy limitations started when the 1971 State Legislature (Second Extra Session) adopted the "Omnibus Tax Bill of 1971 ". This legislation placed statutory limits on the taxing authority of all Minnesota local government. In conjunction with these levy limits, the State provided local government with increased State aids to offset the reduced property tax revenue. Ac::ordingly, total property taxes decreased from $1,040,698,000 in 1971 to $973,209,000 in 1972. These levy limitation Statutes have continued since 1971 to the present time. Additionally, State aids paid to local government continued to increase from 1971 to 1981. The levy limitation formulas (as applicable to Cities) were based upon a combination of local goverment aid; plus general- purpose property taxes; plus population. The com- bination of State control over: (1) tax -levy related State aids and credits to local government; (2) tax --levy related State aids and reimbursements to individual taxpayers;• (3) total local government aid; and, (4) levy limitation formulas, allowed. - the State to exercise control over the primary financial resources available to .•linnesota Cities, Villages, Townships and Counties. By having the ability to exercise control over the primary financial resources available to local government, the State can effectively exercise control over the level of services provided by those government units. State aids paid to all _local government (Cities, Counties, Schools and other) and other State aids paid to individual taxpayers (as a reimbursement for property taxes) totaled approximately $1,880,000,000 for the State's fiscal year ended June 30, 1981. This .represents approximately 50% of the State's General Fund budget for that period. These aids have been increasing at the rate of 6% to 9' for the past two years. Other City of Oak Park Heights Special Report, Page 4 State government expenditures for the State's General Fund have been increasing at the rate of 10o to 160 over the period. However, the State's net non- dedicated (General Fund) revenue has been increasing at the rate of approximately 3 over this same period. Accordingly, the State budget situation is serious. More important, the State is no longer in a financial position of continuing this high level of aid payments to local government nor local property taxpayers. Even more important, local government (especially Minnesota Cities) are still under the control of levy limitations even though the State has taken action to limit (and even reduce) the level of aids paid to local government. State Legislative actions taken in 1981 and March, 1982 have started to reverse the past trend of increasing aids to local government. Education aids paid to local school districts have been substantially decreased. Local government aids paid to Cities, Counties and Townships have also been decreased. Additionally, State financing of spe- cial programs (i.e., diseased tree control) have been curtailed or eliminated with the burden being left to local government. To offset a portion of these aid reductions, the State has eased the levy limitation formulas for certain units of local government. Minnesota School Districts have regained some of their authority to levy property taxes to offset the State Education Aid reductions. Minnesota Counties have regained some of their authority'to levy pro- perty taxes to offset the high cost of certain public welfare programs. Minnesota Cities have not regained any taxing authority to offset State aid .reductions nor the increasing costs of providing local services. Minnesota Cities are (and may continue to be) caught between limited and State - controlled revenues; and, increasing and inflation- controlled expenditures. This situation will soon severely restrict the ability of Minnesota Cities to provide their services at past levels. The cost and /or levels of services must decrease; or, Cities must regain some of their taxing authority to finance the existing level of services. City of Oak Park Heights Special Report, Page 5 Minnesota Cities and other local government are dependent upon the State because of the high level of aids received from the State. When State revenues are limited, State aids paid to local government must share in the State's budget reductions. However, these aid reductions will cause a serious imbalance in the budgets of local government unless the cost of providing local services is decreased or local government is given the option of increasing local property taxes. Minnesota School Districts and Counties were given such options to some degree. Without similar authority, Minnesota Cities may not be able to continue local services deemed necessary. A minimum level of local. ser- vices (public safety, public welfare, education, etc.) is and should be the concern of both State and local government. Local government should have the option and ability to continue those services and /or le -gels of services deemed necessary by the local community. HISTORY OF LOCAL PROPERTY TAXES Total property taxes levied by all local government units in Minnesota from 1968 through 1981 were as follows: (All Amounts in 1,000's of Dollars) Cities/ Other Total Year School Villages/ Taxing Taxes Payable Districts Counties Townships Districts Levied 1968 $ 322,745 $ 164,688 $ 142,004 $ 4,397 $ 633,834 1969 412,368 188,708 158,363 4,782 764,221 1970 489,309 204,609 174,203 5,339 873,460 1971 595,312 237,678 201,739 5,969 1,040,698 1972 520,288 245,925 192,248 "14,748 973,209 1973 538,988 253,247 191,462 16,255 999,952 1974 586,031 280,068 211,020 21,840 1,098,959 1975 649,515 320,331 240,522 53,928 1,264,296 1976 683,329 335,647 252,617 52,001 1,323,594 1977 757,026 374,951 284,906 55,563 1,472,446 1978 777,953 402,924 298,235 59,585 1,538,697 1979 817,858 433,053 306,789 70,613 1,628,313 1980 855,277 485,890 331,708 85,963 1,758,838 1981 850,256 549,366 384,222 97,804 1,881,648 City of Oak Park Heights Special Report, Page 6 The above amounts .represent total property taxes levied by local government. These amounts however, do not represent total. property taxes paid by local property taxpayers. A portion of each annual - tax levy (as certified by local Councils and Boards) is paid by the State Department of Revenue directly to the various local government units. These payments are usually referred to as tax credits and are categorized as follows for 1981; • Homestead Credits • Agricultural Credits • Wetlands Credit and Reimbursement • Native Prairie Credit and Re iioursernent • Reduced Assessment Credit After the net taxes are certified to specific parcels and properties, additional credits are paid or reimbursed to the individual taxpayers by the State Department of Revenue in the form of property tax refunds or renters credits. These refunds and cre- dits have no affect upon the level of property tax revenue available to local government. These refunds and credits affect who pays the property taxes, not how much a taxing authority may levy under the levy limitations statutes. City of Oak Park Heights Special Report, Page 7 The following table summarizes total property taxes levied in the State of Minnesota (by all local government units) and the percents of such taxes paid by the State and by the local property taxpayer (after State reimbursements) for the calendar years 1968 through 1971 (before the "Omnibus Tax Bill of 1971 ") and for the calendar years since 1971: Percent of Total Tax Levies Net Taxes Total State Credits Paid To: Paid By Year Tax Levies Local. _Individual Property Payable (In 1,000's) Government Taxpayers Owners 1968 $ 633,834 12.430 .10% 87.470 1969 764,221 12.47 .79 86.74 1970 873,460 12.37 .89 86.74 1971 1,040,698 12.26 .89 86.85 1972 973,209 13.66 2.20 84.14 1973 999,952 14.01 2.20 83.79 1974 1,098,959 18.82 2.86 78.32 1975 1,264,296 17.76 2.69 79.55 1976 1,323,594 18.63 9.17 72.20 1977 1,472,446 17.93 9.12 72.95 1978 1,538,697 18.14 12.68 69.18 1979 1,628,313 18.16 11.67 70.17 1980 1,758,838 24.08 10.59 65.33 1981 1,881,648 28.25 9.13 62.62 As the above schedule indicates, State Credits remained relatively constant at approximately 130 of total property taxes from 1968 through 1971. Since 1971, State tax credits have been increasing to a degree that (by 1981) the State of Minnesota was absorbing 37`0 of the property taxes levied by all Minnesota local government units. City of Oak Park Heights Special Report, Page 8 As the previous schedule clearly indicates, the State of ,:dinnesota has become the single largest. ap yor of local property taxes in this State. It's portion of the local property tax burden increased from 13% in 1971 to 37% in 1981. This increase was the result of State- mandated Legislation over the past ten years. Some of the more signifi- cant legislative changes and the resulting estimated aid increases were as follows: 1972 - Agricultural Mill Rate Differential of 8.3 mills given to property taxpayers located in agricultural areas ($15,835,000 increase over 1971). This mill rate differential was effec- tive for the school district tax levy only. 1974 - Increased homestead credits from 350/$250 per parcel maximum to 45`x/$325 per parcel maximum. ($66,620,000 increase over 1973). 1976 - Increased and additional credits paid directly to homeowners and renters Homeowners: Senior Citizens /Disabled $ 26,164,000 Under age 65 49,792,000 Renters 11,416,000 Total increase over 1975 $ 87,372,000 1978 - Further increased credits paid directly to homeowners and renters: Homeowners: Senior Citizens /Disabled $ 6,306,000 Under Age 65 31,671,000 Renters 22,940,000 Total increase over 1977 $ 60,917,000 1980 - Increased homestead credits from 450/$325 per parcel maximum ^^ to 50%/$550 per parcel maximum ($117, 224,000 increase over 1979). 1981 - Increased homestead credits from 50-0 /$550 per parcel maximum to 58 %/$650 per parcel maximum ($75,9 20,000 increase over 1980). City of Oak Park Heights Special Report, Page 9 The preceding schedule (Page 7) indicates the percent of local property taxes paid directly or reimbursed by the State of Minnesota versus the percent actually incurred by property owners. The following schedule shows the dollar amounts of tax related aids and credits paid by the State for the years 1968 through 1981: (All Amounts in 1,000's of Dollars) State Credits Paid To: Total Local Individual State Total Percent Year Government Taxpayers Payments Increase Increase 1968 $ 78,769 $ 639 $ 79,408 1969 95,305 6,029 101,334 $ 21,926 28% 1970 108,055 7,736 115,791 14,457 14 1971 127,596 9,243 136,839 21,048 18 1972 132,921 21,441 154,362 17,523 13 1973 140,044 21,959 162,003 7,641 5 1974 206,847 31,436 238,283 76,280 47 1975 224,504 34,010 258,514 20,231 8 1976 246,528 121,382 367,910 109,396 42 1977 264,062 134,249 398,311 30,401 8 1978 279,129 195,166 474,295 75,984 19 1979 295,723 190,032 485,755 11,460 2 1980 423,500 186,256 609,756 124,001 26 1981 531,616 171,820 703,436 93,680 15 State credits paid to local government include: (1) homestead credits; (2) agri- cultural credits; and (3) other credits. State credits paid to individual taxpayers include: (1) circuit breaker /property tax refunds; and, (2) renters credits. City of Oak Park Heights Special Report, Page 10 The preceding amounts and increases as compared to inflationary increases over the past ten years (1971 to 1981) reflects the following: 1. Percent increase in the Consumer Price Index (C.P.I.-U, Minneapolis - St. Paul Area) October, 1971 to October, 1981 136% Increase 2. Percent increases (1981 over 1971): A. Total property taxes levied by all Minnesota Local Government Units $840,950,000 increase. 81% Increase B. Total State credits paid to Local government units and to private individuals - $566,597,000 increase. 4144 Increase C. Net property taxes paid by property owners - $274,353,000 increase. 30o Increase All of the above data reflects and relates to total property taxes and total State payments thereof. As such, only part of the full picture is seen. Most State -paid credits relate to residential property only. Another part of these credits relate to agricultural property only. No ,part of these credits relate to commercial, industrial or other non-residential and non- agricultural property. The follo;iing schedule (Page 11) summarizes Minnesota property taxes in terms of type of property and taxpayer. ALL MINNESOTA LOCAL GOVERNMENT UNITS - m F o � ESTIMATED DISTRIBUTION OF GROSS AND NET PROPERTY TAXES PAID ° q 1974 - 1981 o G a 0 -r fy w � (All Amounts in 1,000's of Dollars) D F 1974 1975 1976 1977 1978 1979 1980 1981 0 e - Total Property Taxes Levied $ 1,098,959 $ 1,264,296 $ 1,323,594 $ 1,472,446 $ 1,538,697 $ 1,628,313 $ 1,758.838 $ 1,881,648 Paid By State of Minnesota: To Local Government: Homestead Credits 189,373 206,709 220,254 234,563 243,964 254,089 371,3 447,233 Agricultural Credits 1 17,474 17,795 26,274 29,499 35,165 41,634 52,187 70,456 Other Credits 13,927 To Individual Taxpayers: Homeowners 7,160 6,796 82,752 85,387 123,364 109,933 87,140 58,016 Renters 24,276 27,214 38,630 48,862 71,802 80,099 99,116 113,804 Total State Payments 238,283 258,514 367,910 398,311 474,295 485,755 609,756 703,436 Net Property Taxes Paid By Property Owners $ 860,676 $ 1,005,782 $ 955,684 $ 1,074,135 $ 1,064,402 $ 1,142,558 $ 1,149,082 $ 1,178,212 F LkULNI PAID BY FROPLR fY OWNLRS 78.32% 79.55; 72.20% 72.95N 69.18; 70.17% 65.33; 62.62;, NET PROPERTY TAXES - BY TYPE OF PROPERTY: Non-Commercial/Industrial: Agricultural $ 126,448 $ 143,697 $ 150,284 $ 175,37j $ 190,412 $ 215,796 $ 236,239 $ 218,200 Residential 348,929 417,134 447,139 519,967 519,493 537,396 474,456 464,227 Aparl 67,210 76,568 80,067 85,354 92,572 97,548 108,128 123 Sub -Total 542,587 637,399 677,490 780,696 802,477 850,740 818,823 806,406 Less: State Reimbursements (31,436) (34,010) (121,382) (134,249) (195,166) (190,032) (186,256) (171,820) No Property Taxes Pn i d 51 1 , 151 603, 5139 3 u , 10 G-16,44 7 607, 311 660,706 o52, 5o7 v34, 5t3o Cornmercia! /Industrial /Utilities /Other 349,525 402,393 399,576 427,688 457,091 481,850 516,515 543,626 Net Property Taxes Paid By All Property Owners $ 860,676 $ 1,005,782 $ 955,684 $ 1,074,135 $ 1,064,402 $ 1,142,558 $ 1,149,082 $ 1,178,212 Percent Increase (Decrease) 2.71% .16.86 (4.98 % 12.39% (.91 % 7.34% .57% 2.54% City of Oak Park Heights Special Report, Page 12 One of the primary concerns of the Minnesota State Legislature has been local pro- perty taxes paid by agricultural and residential taxpayers and renters. Accordingly, most of the credits and reimbursements paid by the State relate to these taxpayers. Since 1974, total property taxes levied by all local government increased by $782,689,000 or 710 over seven years. However, the portion of this increase actually paid by non-commercial and non-industrial property owners was $123,435,000 as follows: (All Amounts in 1,000's of Dollars) Percent Property Tax Payor 1974 1981 Change Increase Local Property Owners: Non-Commercial/Industrial: Agricultural $ 126,448 $ 218,200 $ 91,752 730 Residential 348,929 464,227 115,298 33 Apartments 67,210 123,979 56,769 84 Sub-Total 542,587 806,406 263,819 49 Less: State Reimburse- ment (31,436) (171,820) (140,384) 447 Net Taxes Paid 511,151 634,586 123,435 24 Commercial/Industrial/ Utilities/Other 349,525 543,626 194,101 56 State of Minnesota: Paid to local government 206,847 531,616 324,769 157 Paid to individual tax- payers 31,436 171,820 140,384 447 Total Property Taxes Levied $ 1,098,959 1,881,648 $ 782,689 71% As the above schedule illustrates, the level of tax increase varies greatly as to type of property. The actual variance is even greater than illustrated because the State Reimbursements (directly to private individuals) has not been allocated to the specific type of property. However, these reimbursements were made on non - commercial/ non-industrial property. Those taxpayers (as a group) incurred a 24% net increase in property taxes over the seven year period. Commercial/industrial property incurred a 56% increase and the State incurred a 195% increase over the same period. These vari- ances are in accordance with the past State policy of limiting and controlling local property taxes on agricultural and residential property. City of Oak Park Heights Special Report, Page 13 An effect of that State policy was a shift in the tax burden away from agricultural and residential property. This effect is evident in the followirrcl schedule. Percent of Property Taxes Levied Property Tax Payor 1974 1981 Local Property Owners: Non - Commercial /Industrial: Agricultural 11.51% 11.600 Residential 31.75 24.67 Apartments 6.11 6.59 Sub -Total 49.37 42.86 Less: State Reimbursement (2.86) (9.13) Net Taxes Paid 46.51 33.73 Commercial /Industrial /Utilities /Other 31.81 28.89 State of Minnesota: Paid to local government 18.82 28.25 Paid to individual taxpayers 2. 86 9.13 Total Property Taxes Levied 100.00% 100.00% As shown above, the State shifted the tax burden away from agricultural and residen- tial property. Additionally, the State has shifted this tax burden away from all pro- perty taxpayers. In 1981, the State of Minnesota paid or reimbursed a full 37% of all local property taxes. This amounted to $703,436,000 or approximately 16% of the State's General Fund operating budget. The preceding schedules and data relate to total property taxes for all local government units in the State. This data can be used for comparison purposes to analyze property taxes paid to an individual City with two modifications. The first modifica- tion is State credits or reimbursements to private individuals after they have paid the property taxes. These credits or .reimbursements have been detailed previously. The second modification relates to school districts. Agricultural aid is paid only to Minnesota school districts. As such, a larger portion of school district tax levies (as compared to City and County tax levies) are paid by the State. City of Oak Park Heights Special. Report, Page 14 For comparative purposes, the following state—aide percents are applicable to all local government units (except Minnesota school districts), as to who paid the annual certified tax levy. Tax Payor 1978 1979 1980 1981 Local taxpayers and fiscal disparities 83.89% 84.01% 78.46% 74.16% State of Minnesota 16.11 15.99 21.54 25.84 Totals 100.00% 100.00° 100.00% 100.00% Current property tax collections (including the delayed payment of homestead credits and other State credits) for the City of Oak Park Heights for the years 1978, 1979, 1980 and 1981 were as follows: Tax Payor 1978 1979 1980 1981 Local Collections: Local Taxpayers $ 282,920 $ 290,391 $ 347,219 $ 424,388 Fiscal Disparities 788 1,172 1,455 3,323 Sub - Totals 283,708 291,563 348,674 427,711 State of Minnesota 12,857 14,402 26,228 36,311 Totals $ 296,565 $ 305,965 $ 374,902 $ 454,022 Shown on the basis of percents (for comparison to the above listed state- -wide percents), property tax collections for the City of Oak nark Heights for the same period were as follows: Tax Payor 1978 1979 1980 1981 Local Collections: Local Taxpayers 95.40% 94.91% 92.61% 91.46% Fiscal Disparities .27 .38 .39 .71 Sub - Totals 95.67 95.29 93.00 92.17 State of Minnesota 4.33 4.71 7.00 7.83 Totals 100.00% 100.00% 100.00% 100.00% The above illustrations are indicative of the past level trends of State homestead credit aids to local government. The major change in 1980 and 1981 (over 1978 and 1979) was an increase in the maximum homestead credit from $325 in 1979; to $550 in 1980; to $650 in 1981. Additionally, the percent of property taxes subject to homestead credits increased from 45% for 1974 through 1979; to 50% for 1980; to 58% for 1981. City of Oak Park Heights Special Report, Page 15 Homestead credits (and other tax - related credits to be paid by the State) are calcu- lated by the Counties based upon State rules and regulations as part of the property tax certification and collection process. These amounts are then tabulated and the summary data is transmitted to the State Department of Revenue. Prior to 1982, the State Department of Revenue would issue payments to the local taxing authorities (Cities, Counties, Schools, etc.) based upon the amounts determined by the Counties which were deducted from individual tax statements. By this process, the local taxing authority received its total certified tax levy (except for delinquencies and abatements) either from local taxpayers or the State Department of Revenue. Also by this process, the local - taxing authority could adopt an annual budget based upon total - revenue to be received as a result of its certified tax levy. finis situation no longer exists for 1982. The State's budget for the 1981 - 1983 bienniu-1 places a limit on the total amount to be paid by the State for homestead credits on the 1982 local tax levies. This over- all limit was set at $481,600,000 by the December, 1981 Special Session. However, this over- -all _limit was not allocated to specific Counties and the Counties had no way of calculating homestead credits on individual parcels (nor individual taxing authorities) under this limitation. This limitation will be applied by State reductions to amounts calculated by the Counties. Accordingly, the local - taxing authorities will no longer receive the full amount of its total certified tax levy. Additionally, the local government unit will not be informed of the amount of this decrease until after the State Department of Revenue tabulates the summary data from the Counties (i.e., mid - 1982). The March, 1982 Regular Session of the Minnesota Legislature was faced with addi- tional State budget reductions. Their solution included a $30,000,000 or 6-•1/4% reduc- tion to the homestead credit limit set by the Dece -.ber, 1981 Special Session. This decrease further reduces the 1982 revenue resources available to local government units. City of Oak Park Heights Special Report, Page 16 LOCAL GOVERNMENT AID Homestead credits (and other property tax related credits and aids) are not the only aids paid to local government. Minnesota Cities, Villages, Townships, and Counties receive "local government aid" as one of the primary aids received from the State. Local government aid started in 1972 as part of the "Omnibus Tax Bill of 1971 ". This aid replaced the "per capita" and "exempt property reimbursement" aids previously paid by the State to local government. Local government aid payments to individual Cities, Villages, Townships, and Counties are computed based upon a State established per capita amount plus the following factors for each individual government unit: ® Population ® Average total mill rate for the previous three years ® Real estate assessment /sales ratio The per capita amount was designed to compensate for the inflationary costs of financing local government. The combination of the above three factors was the State- determined method of allocating the total amount appropriated by the State to the indi-° vidual units of local government. The effect of this formula is to pay greater aid to those local units with a heavier property tax burden and less aid to those local units with a smaller tax burden. The ".real estate assessment /sales ratio" factor is a method of compensating for the different valuation policies and procedures of the individual Local assessors. The following schedule summarizes total State payments of local government aid and the amounts received by the City of Oak Park Heights for the calendar years 1972 through 1981 and 1982 budgeted: City of Oak Park Heights Special Report, Page 17 City of State Total Oak Park Heights Amount Percent Percent Year (In 1,000's) Change Amount Change 1972 $ 98,733 $ 16,251 1973 106,567 7.94% 17 8.13% 1974 135,133 26.80 80,674 359.08 1975 138,389 2.41 77,386 (4.08) 1976 159,854 15.51 77 .14 1977 171,689 7.40 77,386 (.14) 1978 197,798 15.21 77,434 .06 1979 225,054 13.78 77,434 -- 1980 245,565 9.11 79,564 2.75 1981 249,716 1.69 75,994 (4.49) 1982 (Revised Budget) 240,725 (3.60) 73,203 (3.67) Total Increase 1440 350% The 1981 State amount of $249,716,000 represents the total- paid to local government after the 8.3% reduction announced by the State in 1980. The 1982 State amount of $240,725,000 represents the total to be paid to local government units after - the 11.080• reduction as a .result of the November and December, 1981 Special sessions of the Minnesota Legislature. The 1982 Regular Session of the :Minnesota Legislature maintained this level of local government aid. As these amounts indicate, the State has already implemented a policy of reduced local government aid. Additionally (and equally as important), the State has implemented a policy of paying these aids only during the last half of each calendar year. Prior to 1981, local government aid was paid four times City of Oak Park Heights Special Report, Page 18 each year (i.e., March, July, September and December) in four equal installments. After 1981, this aid is paid six times each year (July through DecercLher only) in six equal. installments. The revised payment schedule eases the State budget situation and cash - flow situation at the expense of cash -flow requirements for local government units. (See later commentary under Generally Accepted Accounting Principles vs. "Shifting ".} Prior to 1981, Minnesota Cities and Counties required a minimum cash -flow reserve equal_ to one -half of the annual general -- purpose tax levy only. Because of the change in payment dates for local government aid, Cities and Counties now require a greater mini- mum cash -flow reserve to compensate for this change. The minimum required cash -flow reserve for the City of Oak Park Heights has changed as follows because of the State change in payment dates. Before the Change After the Change in Timing of in Timing of State Aid Payments State Aid Payments 1982 Budgeted :Levy (Includes Homestead Credit) $ 471,081 $ 471,081 1982 Anticipated Local Government Aid N /E, 73,203 Total $ 471,081 $ 544,284 Minimum Required Cash -Flow Reserve (One Half of Total) $ 235,500 $ 272,100 City of Oak Park Heights Special Report, Page 19 EDUCATION AIDS Minnesota school districts do not receive local government aid from the State. Instead, they receive education aids. These aids are determined under various formulas and factors applicable to the financial structure of the local school districts. These education aids (excluding Endowment School Aids, Federal School Aids, and other educa- tion aids not paid from the State's General Fund) were and are budgeted to be as follows for the State fiscal years indicated: Percent of State General (In 1,000`s of Dollars) Fiscal Year Ended Fund Budget Amount Change June 30, 1980 280 $ 952,697 $ 52,318 June 30, 1981 (1) 28 1,021,038 68,341 June 30, 1982 ( 28 1,157,872 136,834 June 30, 1983 20 754,404 (403,468) As the above schedule indicates, Minnesota Cities and Counties are not the only local government units being affected by the State budget situation. Education aids for the above fiscal periods are detailed as follows: Fiscal Year Ended June 30, Education Aids 1980 1981 1982 1983 Foundation Aid $ 646,105 $ 665,488 $ 748,221 $ 560,020 Transportation Aid 88,435 106,230 122,546 87,363 Special and Compensatory Aid 88,345 95,103 109,413 106,159 Vocational Education Aid 108,528 141,063 136,833 123,743 Other Education Aids 21,284 13,154 40,859 38,013 Sub - Totals 952,697 1,021,038 1,157,872 915,298 Adjustments: Funding "Shift" ( 134,000) Budget Reduction (1) (1) (26,894) Totals $ 952,697 $ 1,021,038 $ 1,157,872 $ 754,404 (1) Recission /Restoration School Aids paid during the last six months of 1981 totaling $243,670,800 are included in the June 30, 1981 fiscal period. The State "budgeted" these aids for its June 30, 1982 fiscal period. City of Oak Park Heights Special Report, Page 20 Education aids are computed and paid based partially upon school enrollment or "pupil units ". School enrollment for the past several years has been declining and was (or is estimated to be) as follows on a state --wide basis: Percent School Year Pupil Units Decrease 1979/80 1,004,313 1.97% 1980/81 919,424 8.45 1981/82 884,197 3.83 1982/83 862,400 2.47 The declining enrollment estimates are responsible for a portion of the decreased Education Aids. however, the primary causes of decreased Education Aids for the school year ended June 30, 1983 are "funding shifts" and a change from State financing to local property tax financing. This change represents a policy change from the State policy of the 1970's. Since 1971 and continuing through mid - -1981, the State's policy was - to limit school district property - taxes and finance a large portion of the cost of education by State taxation. Beginning with the 1982 tax levy (to finance the 1982/83 school year), the past State trend has been reversed. This should be an indication to all Minnesota local government units of the future trend of financing the cost of local government services. State Education Aids (payable from the State General Fund) are budgeted to be $754,404,000 for the 1982/83 school year or $403,468,000 less than the 1981/82 school year. This represents a 35% decrease. A portion of this decrease will be financed by additional local property taxes and property tax "funding shifts ", as follows: 1. Increased basic maintenance tax Levies (Estimated: 1982 - $632,500,000 over 1981 - $494,200,000) $ 138,300,000 2. Additional 2 mill tax increase to help offset State Education Aid reductions (State Estimate) $ 43,000,000 3. "Funding Shift" - Requires that one -sixth of the 1982 school district tax levy be counted as revenue for the 1981/82 school year instead of the 1982/83 school year as under prior law. (State Estimate) $ 134,000,000 City of Oak Park Heights Special Report, Page 21 The above amounts represent estimates only. Actual amounts will not be known until the actual 1982 - tax levies are compiled on a state-wide basis. However, school district tax levy mills for school districts located in Washington County (excluding I.S.D. #f832) increased by 12% to 36% and averaged an 18% increase. This increase is a direct result of the 1981 Special Legislative Session and the Education Aid decreases stated above. PROPERTY TAX - LEVY LIMITATIONS One major aspect of the "Omnibus Tax Bill of 1971" was a new policy called levy limitations. There are two basic levy limitation concepts. One applies to local school districts. The other applies to Cities, Villages, Townships and Counties. School district levy limitation formulas generally limit the amount of taxing authority given to local school districts based upon the adjusted assessed valuation of. the district and school enrollment. The actual annual computations are made and controlled by the State, 1 local school districts have limited authority to exceed these State determined levy limits. City (including Villages and Townships) and County levy limitation formulas generally limited the amount of taxing authority given to local units based upon per capita formulas. These per capita formulas allowed - tax increases subject to population increases, plus State - determined percent increases. The per capita amounts were based upon local taxes (including State -paid credits) and local government aid. The com- bination of the - two (on a per capita computation), were not allowed to increase over a given percent (first 6% and then 8 %) in any given year. More important, as the local government aid was increased, the local property tax could actually decrease. Since 1971 (the inception of the "Omnibus Tax Bill of 1971 "), total local property taxes for Cities and Counties increased by $494,171,000 or 112%; while total local government aid increased by $150,983,000 or 153 %. Levy limit formulas for Cities and Counties controlled both property taxes and local government aid prior. to 1981. City of Oak Park Heights Special Report, Page 22 Starting in 1981 (and continuing into 1932), the State began limiting its payments of local government aid. The 1981 aid was initially reduced by 8.30. Cities and Counties were allowed to transfer this revenue decrease to local property taxes. The 1982 aid was initially set at the 1981 level before the 8.3% reduction. This was later reduced by 11.08% after the final 1981 Special Legislative Session. Effectively, Cities and Counties have not received an increase in local government aid since 1980. More important, Cities and Counties are not allowed to transfer the 1982 "lost revenue" to property taxes or other revenue resources. Minnesota Cities and Counties are now under a flat 8% levy limitation for their general-purpose tax levy, adjusted only by increased homestead units. The new levy limitation formula is generally m ^re restrictive than - the old formula. More important, the 8% increase is applied only to the property taxes and not to local government aid which has been decreasing. The combination of tax levy and local government aid generally represents the major portion of a unit's general government operating budget. These revenues combined will generally be allowed to increase at less than 8% per yeas_. GENERALLY ACCEPTED ACCOUNTING PRINCIPLES VS. "SHIFTING" All organizations (governmental and commercial) measure their financial position and financial operations in accordance with prescribed rules and regulations known as "generally accepted accounting principles ". Accounting principles and financial. reporting standards for Minnesota Cities, Counties and School Districts are generally determined or interpretated by: (1) the National Council on Governmental Accounting (NCGA); (2) the American Institute of Certified Public Accountants (AICPA); and, (3) the State of Minnesota and its various agencies and departments. These organizations (as a group) have defined and determined the modified accrual basis of accounting for units of local government and their governmental funds or operations. Generally speaking, modified accrual accounting means: (1) revenues are recognized in the accounting period in which they become measurable and available to City of Oak Park Heights Special Report, Page 23 finance expenditures of the fiscal period; and, (2) expenditi -res should be recognized in the accounting period in which the liability is incurred. Tr.e modified accrual basis of accounting, budgeting and financial reporting is recommended for all and followed by most government units within the State of Minnesota except the State of. Minnesota. In its Annual. Financial Report for its fiscal year ended June 30, 1980, the State's policy for grant expenditures recognition (all aids and credits paid to local government units, the State education system, the State retirement systems, etc..) is to recognize these expenditures in the fiscal year from which appropriated and at the point the grant is approved for payment by the administrating authority. These "grant" expenditures totaled $2,700,000,000 or 84% of the State's total expenditures for the fiscal year ended June 30, 1980. Any amounts unpaid and unencumbered at June 30, 1980 are not counted as an expenditure until the administrative authority a these "grants" for payment. Following this "accounting principle" the State has devised a simple method of balancing its budget for each biennium. This simple method is to change or delay the authorized date of payment of State obligations (i.e., until after June 30th). This method of balancing operating budgets is not available to local government units because they are required to follow generally accepted accounting principles, instead of accounting principles based upon convenience or simply the need to show a balanced budget. The State's method of "balancing" its budget has come to be known by the term shift- ing (i.e., shifting of expenditures to a future fiscal period and /or shifting of reve- nues from a future fiscal period). During the first half of 1981, the State of Minnesota approached the end of its 1979 1981 biennium, at which time a balanced budget or positive fund position was required. To achieve this balanced position at June 30, 1981, - the State withheld payments to local. school districts totaling $243,670,800 (by State estimates). This amount was paid to the City of Oak Park Heights Special Report, Page 24 local school districts subsequent to June 30, 1981. The State "balanced" its June 30, 1981 budget by deducting this amount from the 1980/81 Education Aids and shifting the same amount to the 1981/82 Education Aids. This use of the shifting concept allowed the State to present itself as being "balanced" at June 30, 1981. The local school districts counted these aids as revenue for the 1980 /81 school year and had expended these monies financing the cost of education for the school year ending June 30, 1981. Without this "shift", the State would have been "unbalanced" by approximately $240,000,000 at June 30, 1981. During 1981 and continuing through March, 1982, the State of Minnesota worked on adopting and revising a State budget for its July 1, 1981 through June 30, 1983 biennium. That budget (as of March, 1982) reflects the following major "funding shifts": 1. June 30, 1981 Education Aids shift as described above. $ 243,670,000 2. June 30, 1983 Funding Shifts: A. Education Aids - Increasing the holdback from 10% to 15% ($95,700,000 at 65% at 500) $(31,000,000) B. Homestead Credits -° Delaying payments to local school districts to match the payment schedule for Education Aids (State Estimate) $(36,270,000) C. Local Government Aid -° Delaying the March, 1983 payment until after June ($240,724,000 at 25 %) $(60,180,000) D. Renters Credits °- Delaying payment of 1982 renter's credits from filing date of personal income tax returns (April 15, 1983) to after August, 1983. (Estimated at 1070 of 1982) $(100 E. School District Property Taxes - Early recognition of up to one-sixth of school district property taxes (State Estimate) $(134,000,000) City of Oak Park Heights Special. Report, Page 25 F. Accelerated collection of one- -half of Sales Tax due for June sales for vendors with monthly taxable sales in excess of $40,000 (State Estimate) $ (31,000,000) The above listing of "funding shifts" does not represent a complete list, but only major items identified in the preparation of this Report. The listing, however, is indicative of the means and measures utilized by the State to "balance" its biennium budget. CURRENT POSITION OF THE STATE BUDGET AND CASH -FLOW OPERATING RESERVES The preceding schedul-es and data have reviewed and analyzed the history of State financing of local government since the "Omnibus Tax Bill. of 1971 ". The primary goal of that and subsequent legislation has been a shifting of the financing of local government from the local taxpayers to State taxpayers, in accordance with public policy established by the State. The current cash -flow /budget condition of the State is indicated by recent correspondence sent to local government officials. In letters dated February, 1982 sent to "All Local Taxing District Finance Officers ", by the State of Minnesota, Department. of Revenue, the following paragraph was included: As you recall, last year you did not receive your state aid payments for either November 15 or December 15. The state aid checks you expected to receive on November 15 and December 15 were not sent to you because the state dial not have the funds to make the payments. City of Oak Park Heights Special Report, Page 26 In a memorandum sent - to Minnesota School District Superintendents, by the Minnesota Department of Education in December, 1981, the following statement was included: SUBJECT: REDUCTION OF DECEMBER AID PAYMENTS DUE TO LACK OF FUNDS IN STATE TREASURY As you are probably E.ware, the third special session of the legislature recessed on December 22 until December 30. Thus, the Department of Finance has informed me that due to the lack of new provisions for dealing with the cash-flow shortage, the State will not he able to make most of the payments to school districts scheduled for the end of December. The amounts of aid to be paid will be based on the Department's estimation of district cash needs. This is estimated by considering the working capital balance and aid plus levy reve- nues received to date. It is anticipated that the majority of districts will receive no payment, and the remaining districts will receive reduced payemnts. The State of Minnesota for the past decade has been absorbing a greater and greater portion of the cost of operating local government. These costs have been financed by taxes collected at the State level - primarily individual income taxes, corporate income taxes and general sales taxes. This process was effective and the public policy was served throughout the 1970's. However, as stated in the above correspondence, "the State did not have the funds to make the payments" in 1981 and early 1982. The present situation is most critical. The State is continuing its policy of limiting local property taxes (for Cities) and of absorbing a substantial level of the operating costs of all local government. However, the State no longer has the financial ability to carry out this public policy. More important, the level of services provided by local government is not decreasing at a rate corresponding to the State's diminished financial abilities. The combination of the following factors have resulted in a situation of deficit financing when one considers the State and all units of local government within the State as a group. City of Oak Park Heights Special Report, Page 27 1. The State's financial commitments (to itself, State Departments, Semi -State Departments, the State Education System, State retire- ment systems, and local government) are substantial and increasing. 2. The State's revenue estimates are substantial. but diminishing even when the recent tax increases are taken into consideration. 3. The State has little or no operating reserves to absorb its revenue short -falls or meet its real and minimum cash -flow requirements. 4. The State continues to utilize the concept of "shifting" to "solve" its budget situation. 5. The State continues to deny local government units adequate taxing authority to compensate for the decreased financial abilities of the State. 6. The State (by doubling the maximum homestead credits from $325 to $650 over a two year period) has artifically lo,aered the level of property taxes paid by homestead property owners. Consequently, these property tax payments do not .reflect the full cost of the services being provided by local government. To the contrary, property tax statements could be construed to reflect a decreasing cost or level of local services. 7. The doubling of maximum homestead credits from $325 to $650 per parcel resulted in the State absorbing a greater portion of the cost of services provided by .local government. Homestead credits totaled $818,546,000 for 1980 and 1981. This represents a $320,493,000 increase over 1978 and 1979 or a substantial portion of the State budget problem for its 1981 - 1983 biennium. State tax rates (individual income, corporate income, and general sales tax rates) were not materially increased until July, 1981 to com- pensate for these increased aids. Accordingly, the State budget was out of "balance" at June 30, 1981 and continuing into the State's 1981 - 1983 biennium. 8. While State -paid homestead credits were increasing and the actual property taxes being paid by homestead property owners were arti- ficially lowered, the cost of service being provided by local government was subjected to the effects of nigh inflation (i.e., 12.18% for 1979; 10.68% for 1980; and, 15.33% for 1981 as measured by the Bureau of Labor Statistics for the Minneapolis - St. Paul, Minnesota - Wisconsin area). Consequently, any future increase in local property taxes will be construed to be a sharp increase. This sharp increase is partially the result of increased costs, but equally the result of the artifically lowered levels of property taxes on homestead property. City of Oak Park Heights Special Report, Page 28 ANOTHER SHIFT -- BA CK TO LOCAL PROPERTY TAXES Local government units are now starting to feel the effects of the State budget situation and the impact on local property taxes because of the reversal of the State's policy of limiting local property taxes. 1981 and 1982 mill rates for local government units located in Washington County were as follows: Mills Percent Taxing Authority 1981 1982 Change Change Washington County 26.330 24.293 (2.037) (7.740) School Districts: I.S.D. #200 43.621 51.973 8.352 19.15 I.S.D. #622 40.327 51.541 11.214 27.81 I.S.D. #624 43.701 59.431 15.730 35.99 I.S.D. #831 49.118 55.189 6.071 12.36 I.S.D. #832 46.309 46.851 .542 1.17 I.S.D. #833 44.680 53.149 8.469 18.95 I.S.D. #834 42,. 226 49.839 7.613 18.03 Cities: Afton 22.143 17.968 (4.175) (18.85) Bayport 19.976 16.669 (3.307) (16.55) Birchwood 18.519 16.551 (1.968) (10.63) Cottage Grove 20.666 22.061 1.395 6.75 Dellwood 16.936 15.058 (1.878) (11.09) Forest Lake 24.079 21.219 (2.860) (11.88) Hastings 27.686 28.616 .930 3.36 Hugo /Oneka 17.001 15.433 (1.568) (9.22) Lake Elmo 11.294 11.135 (.159) (1.41) Lakeland 10.740 8.201 (2.539) (23.64) Lakeland Shores 9.309 9.101 (.208) (2.23) Lake St. Croix Beach 8.242 7.691 (.551) (6.69) Landfall 20.575 (20.575) (100.00) Mahtomedi 17.562 15.010 (2.552) (14.53) Marine 22.040 18.981 (3.059) (13.88) Newport 24.357 22.286 (2.071) (8.50) Oakdale 17.704 15.282 (2.422) (13.68) Oak Park Heights 10.840 11.938 1.098 10.13 Pine Springs 2.009 1.797 (.212) (10.55) St. Mary's Point 7.272 8.016 .744 10.23 St. Paul Park 19.074 21.274 2.200 11.53 Stillwater_ 25.760 24.169 (1.591) (6.18) White Bear Lake 15.033 13.096 (1.937) (12.88) Willernie 26.428 15.317 (11.111) (42.04) Woodbury 18.727 19.180 .453 2.42 Arithmetic Averages: School Districts 44.283 52.567 8.284 18.71 Cities 17.359 15.042 (2.317) (13.35) Cities (Without Landfall) 17.225 15.669 1.556 9.03 City of Oak Park Heights Special Report, Page 29 1982 local property taxes are the first property tales to reflect the reversal of the State's policy of limiting property taxes. County taxes decreased moderately to reflect a shift in the financing of the cost of public welfare from the State to .local government. School taxes increased to reflect a shift in the financing of the costs of education from the State to local government. Both of these shifts are the result of State legislative action taken in 1981. City taxes generally decreased because the State continued the 80 levy limits for Cities even though State aids to Cities are decreased for 1982. SUMMARY AND CONCLUSION The means of financing the cost of services provided by local government in Minnesota is a complex process. The public policy of collecting taxes at the State level to finance services being provided at the local level tends to increase the complexity. Remembering the basic purpose or function of local government may help to understand the concept better. The basic purpose or function of local government is to collect financial resources and to expend these resources to provide services deemed necessary, beneficial and worthy to the local community. From a financial viewpoint, it matters Little how these services are financed (i.e., through taxation at the State level or by direct taxation by the local government unit). It matters only that these services are adequately financed and that they are financed on a current and timely basis. Should the available financial resources decrease (as is now happening), the level and/or cost of services must also decrease or alternative financial resources must be obtained. State and local government cannot expend financial resources which do not exist (i.e., which have not been taxed). To do so is deficit financing. 1981 has been a pivotal year for Minnesota local government units. The purpose of this Report is to detail the changes which have occurred and to offer a perspective of the meaning of these changes. This however, does not present a solution to the City of Oak Park Heights Special Report, Page 30 situation. The State of Minnesota has (f or the time being) determined a solution to their budget situation. A large part of the State's solution has been to pass the problem on to local government. This is most evident in the December, 1981 and March, 1982 State budget amendments. It is now left to local government to determine a final and lasting solution. Options available to local government fall into two primary categories: 1. Decrease the cost and /or level of services being provided. 2. Determine and utilize alternative financial resources. A final and lasting solution should and will probably be a combination of factors in the above primary categories. Determining the level and degree of each factor are the critical choices facing all elected and appointed local government officials. These choices have not and will not be easy. However, the position of the State has been made clear. This problem is to be solved by local government. The level of aids provided by the State during the 1970's will not continue into the 1980's. The State of Minnesota no longer has the financial ability to maintain the level of financial support as it did in the 1970's. As stated previously, the present situation is pivotal. The only certainty is change and that this change must be directed by local government and local government officials. Local government is no longer in a position of waiting for the State to determine the answers. The State has determined and implemented actions to pass a substantial portion of this problem on to local government. The rules governing the financing of Minnesota local government in the 1980's will not be the same as in the 1970's. Local governments possess the ability and authority to reduce the level of services below that now being provided. However, local government has only limited authority to increase its financial resources to finance those services and levels of service deemed necessary. The present 8% levy limitations on Minnesota Cities plus decreasing State City of Oak Park Heights Special Report, Page 31 aids will soon become extremely restrictive (probably in 1983). An easing of the levy limitation restrictions seems necessary as an alternative to severe reductions in levels of services now being provided by Minnesota Cities. Without additional financial resources, the only option available to Minnesota Cities will be to decrease the cost and /or level of services being provided. To obtain these additional financial resources, the State must be induced to ease the present levy limitation restrictions. Fortunately for the citizens and local taxpayers of the City of Oak Park Heights, the past financial management of your City has been prudent and in accordance with your financial structure and available financial resources. Except for the effects of the State budget situation, your City has expended its financial resources only as they have been made available and you have retained operating reserves at sufficient levels to provide financial security and financial integrity. Having these reserve balances should provide the City sufficient time to address the effects of the State budget situation. Without such reserve balances, the City would be caught in a position of responding quickly (and without adequate preparation time) to the effects of the State budget situation. The true extent of the effects of the State budget situation on Minnesota local government was not decided until the end of the December, 1981 Special Session. The extent of these effects were later confirmed by the March, 1982 Regular Session. Minnesota local government now knows that it will bear a major share of the respon- sibility for solving the current State budget situation. Having this knowledge helps to define the problem facing your City and all Minnesota local government. All local government elected and appointed officials should address the questions of: 1. Which local services must be continued and at what levels? 2. How may local government improve the efficiency of providing local services? 3. Which local services are to be eliminated or diminished? U City of Oak Park Heights Special Report, Page 32 4. What additional taxing authority can be obtained to finance those local services deemed necessary and beneficial? 5. What alternative financial resources can be utilized to finance those local services deemed necessary and beneficial? Minnesota Cities and all Minnesota local government are faced with these questions as a result of recent and pending changes in the method of financing local services. Determining "acceptable" answers to these questions is the responsibility of local governing bodies and will be a formidable task. This Report was designed to assist in understanding why the situation exists and its severity. We are available to review and discuss the contents of this Report with your City Council and /or City Administration upon request. Respectfully submitted, DE LA HUNT VOTO & CO., LTD. Certified Public Accountants April 28, 1982