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Meeting Date: 1/13/93 <br /> Agenda Item: P -4 <br /> CITY OF FALCON HEIGHTS <br /> REQUEST FOR COUNCIL CONSIDERATION <br /> ITEM DESCRIPTION: Resolution designating use of unbudgeted 1992 <br /> Local Government Aid and Equalization Aid <br /> funds for property tax relief from the State <br /> Local Government Trust Fund <br /> SUBMITTED BY: Susan Hoyt, City Administrator <br /> REVIEWED BY: <br /> EXPLANATION /SUMMARY: <br /> All cities receiving local government aid and equalization aid <br /> for local property tax relief received an 8 1/2% increase in <br /> their 1992 allocation in the December 26, 1992 aid payment. This <br /> increase was due to the accrual of more sales tax revenue than <br /> anticipated in the local government trust fund than originally <br /> projected. <br /> Council is asked to designate a use for the unanticipated <br /> revenue. <br /> ATTACHMENTS <br /> A.- Memo from administrator dated 6 January 1993 <br /> B. Draft Resolution on the designation of unbudgeted revenue in <br /> 1992 local government aid and equalization aid <br /> ACTION REQUESTED: Adopt resolution designating the use of <br /> $14,569 of unbudgeted local government aid and equalization aid <br /> from the local government trust fund for property tax relief. <br />