HomeMy WebLinkAboutLevy Limit & LGA 1990 PRESENT LAW PROVISIONS AS OF JULY 25, 1989 AUGUST 15, 1989
PAYABLE 1990 LEVY LIMIT CALCULA7 FOR THE CITY OF OAK PARK HEIGHTS
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1. PAYABLE 1989 ADJUSTED LEVY LIMIT BASE: * S 1,063,385
2. INFLATION ADJUSTMENT: 1.03
3. INFLATION ADJUSTED 1990 LEVY LIMIT BASE (1X2): S 1,095,286
4. ADJUSTMENT FOR GROWTH IN POPULATION OF HOUSEHOLDS
(USES THE LARGER OF THE FOLLOWING RATIOS)
POPULATION HOUSEHOLDS
---- - - - - -- ---- - - - - --
A. 1989 3,844 1,325
B. 1988 3,751 1,313
C. RATIO (1989/1988) 1.025 1.009
D. ADJUSTMENT FOR GROWTH
(LARGER OF POPULATION OR HOUSEHOLD RATIO) :,i���.�Jy 1.025
5. POPULATION /HOUSEHOLD ADJUSTED 1990 LEVY LIMIT BASE (3X4D): S 1,122,668
6. REFERENDUM LEVY LIMIT BASE ADJUSTMENTS: S
7. FINAL ADJUSTED 1990 LEVY LIMIT BASE (5 +6): S 1,122,668
8. 1990 STATE PAID AIDS:
A. 1990 LOCAL-GOVERNMENT AID: S 101,533
B. 1990 TACONITE AID: S
C. TOTAL (8A +8B): S 101,533
9. PAYABLE 1990 LEVY LIMITATION (7 -80: S 1,021,135
* FINAL ADJUSTED 1989 LEVY LIMIT BASE FROM LINE 12 OF THE CITY'S
PAYABLE 1989 LEVY LIMIT NOTICE.
** IF THE RATIO IS LESS THAN 1.000, IT HAS BEEN CHANGED TO THE NUMBER 1.000.
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MINNESOTA DEPARTMENT OF REVENUE
LOCAL GOVERNMENT SERVICES DIVISION
MAIL STATION 3340
SAINT PAUL, MINNESOTA 55146 -3340
PHONE: (612) 296 -5141
1990 LOCAL GOVERNMENT AID NOTICE AUGUST 15, 1989
PRESENT LAW PROVISIONS AS OF JULY 25, 1989
CLERK - TREASURER
CITY HALL
OAK PARK HEIGHTS CITY OF
P.O. BOX 2007
STILLWATER MN 55082
THE 1990 LOCAL GOVERNMENT AID FOR YOUR CITY IS S 101,533 .
THE FOLLOWING IS A LISTING OF THE FACTORS USED IN THE CALCULATION OF YOUR CITY'S
1990 LOCAL GOVERNMENT AID. SEE THE ENCLOSED LETTER FOR AN EXPLANATION OF THESE
FACTORS AND FOR ADDITIONAL INFORMATION CONCERNING THE DETERMINATION OF YOUR
CITY'S LOCAL GOVERNMENT AID.
1. 1989 LOCAL GOVERNMENT AID: $ 101,649
2. PAYABLE 1989 PROPERTY TAX LEVY: $ 1,009,355
3. CITY REVENUE (1 + 2): $ 1,111,004
4. 1989 HOUSEHOLD ESTIMATE: 1,325
5. BASE 10 LOGARITHM OF HOUSEHOLD ESTIMATE: 3.122216
6. BASE REVENUE GUARANTEE ($160 +, $150 X (LINE 5 - NUMERAL 1) ): $ 478
7. 1986 POPULATION ESTIMATE: 3,392
8. 1989 POPULATION ESTIMATE: 3,844
9. REVENUE GUARANTEE INCREASE FOR FIRST CLASS AND NON -METRO CITIES: $
10. REVENUE GUARANTEE INCREASE FOR POPULATION DECLINE FROM
1986 - 1989 (6 X 15%): $
11. TOTAL REVENUE GUARANTEE INCREASE (9 + 10): S
12. CITY REVENUE GUARANTEE ( (6 + 11) X 4 X 1047): S 658,684
13. 1988 NET TAX CAPACITY: S 6,995,890
14. PAYABLE 1989 FISCAL DISPARITIES DISTRIBUTION LEVY: S 40,117
15. CITY TAX CAPACITY ((13 X 23%) + 14): S 1,649,172
16. CITY INITIAL AID (12 - 15): S
17. CITY EXPENDITURE /UNLIMITED AID RATIO (3/12): 1.69
18. AID PERCENTAGE INCREASE: 1.00
19. FORMULA AID INCREASE (3 X 18): S 11,110
20. PAYABLE 1989 GROSS TAX EXCLUDING DISTRIBUTION LEVY: S 969,238
21. MAXIMUM 1990 LOCAL GOVERNMENT AID INCREASE (LESSER OF 16 OR 20 X 20 7.)S
22. 1990 LOCAL GOVERNMENT AID INCREASE (LESSER OF 19 OR 21): $
23. 1990 LOCAL GOVERNMENT AID (1 + 22): $103 beA 101,649
24. REDUCTION FOR STATE COSTS (23 X .0011424): $ 116
25. FINAL 1990 LOCAL GOVERNMENT AID (23 - 24): $ 101,533