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., <br />• <br />• <br />POLICY H2 <br />9/8/04 <br />ITEM: Information on Fiscal Disparities <br />SUBMITTED BY: Roland Olson, Finance Director <br />REVIEWED BY: Heather Worthington, City Administrator <br />EXPLANATION: <br />Summary: The Mayor asked staff to review the Fiscal Disparities calculation and estimates for <br />2006 based on the current year allocation, and the city's tax rate. <br />Staff has prepared a prof ection of future Fiscal Disparities allocations based on the formula used <br />to calculate each city's allocation, and the impact of the city's tax rate on the allocation. <br />Staff has also included information on how Fiscal Disparities is collected and allocated. <br />ATTACHMENT: <br />• Background information on pages~`~~~~ <br />ACTION REQUESTED: <br />• Discussion <br />3a <br />