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CITY OF LITTLE CANADA, MINNESOTA
<br />Levy Limit Calculations
<br />1989/1990
<br />Exhibit E
<br />1988
<br />Law
<br />1989
<br />1989 Special
<br />Vetoed Law Session Law
<br />Payable 1989 adjusted levy Iimit base:
<br />1988/1989 levy limit $736,032 $736,032 $736,032
<br />1989 LGA 366,604 366,604 366,604
<br />1,102,636 1,102,636 1,102,636
<br />Inflation adjusunent x 1.03 x 1.03 x 1.03
<br />Inflation adjusted 1990 levy limit base 1,135,715 1,135,715 1,135,715
<br />Adjusunent for growth in population or households x 1.0580 x 1.029 x 1.008
<br />Population /household adjusted 1990 levy limit base 1,201,586 1,168,651 1,144,801
<br />Less: 1990LGA (439,236) (421 131) (165,419)
<br />Payable 1990 levy limit $762,350 $747,520 $979,382
<br />Change From 1988/1989:
<br />Tax levy $26,318 $11,488 $243,350
<br />Local Government Aid 72 632 54,527 (201,185)
<br />Total Change $98,950 $66,015 $42,165
<br />Change From Prior Estimate /Law:
<br />Tax levy ($14,830) $231,862
<br />Local Government Aid (18 105) (255,712)
<br />Total Change
<br />($32,935) ($23,850)
<br />Special Session Change:
<br />Aid transfer / "Shill" $255,959
<br />State costs (247)
<br />Total LGA Change 255,712
<br />Growth adjustment (23,850)
<br />Total Tax Levy Change $231,862
<br />Page 9
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