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1994 Revenue Sources <br /> Fines Mize <br /> Fees 5% 3% <br /> 3,' <br /> $527,852 <br /> Property Taxes <br /> 49% <br /> $388,695 <br /> Intergovernmental <br /> 37% <br /> Licenses Permits <br /> Total $1,061,989 <br /> $29,700 <br /> Slide 13 Falcon Heights Truth in Taxation- Public Hearing n vvµµ <br /> Property Taxes represent about one half of the general fund revenue. <br /> A portion of the property tax includes something called Fiscal <br /> Disparities. The formulation of this program is complicated but it is a <br /> way of sharing across the region some of the increased market value of <br /> commercial and industrial development. Falcon Heights has been a net <br /> beneficiary of this program. For 1994 the amount is about $106,000. <br /> Intergovernmental represents two State funded revenue sources. <br /> These are called HACA (Homestead and Agricultural Credit Aid) and <br /> LGA (Local Government Aid). HACA is the remnant of the old <br /> Homestead Credit and LGA is a property tax relief program funded by <br /> 2% of the 6.5% sales tax. LGA is distributed by a fairly complicated <br /> formula to cites across the State. This formula was extensively revised <br /> in 1993 and Falcon Heights participated in that process. <br /> Page 13 <br />