Laserfiche WebLink
UNDER THE 1989 SPECIAL SESSION TAX LAW OCTOBER 18, 1989 <br />PAYABLE 1990 LEVY LIMIT CALCULATION FOR THE CITY OF LINO LAKES <br />1. PAYABLE 1989 ADJUSTED LEVY LIMIT BASE: * 1,458,585 <br />2. UNUTILIZED PAYABLE 1989 LEVY LIMIT BASE ADJUSTMENT BY APPEAL <br />A. PAYABLE 1989 LEVY LIMIT BASE ADJUSTMENT FOR USE OF RESERVES: 0 <br />B. PAYABLE 1989 LEVY LIMIT: 1,127,373 <br />C. PAYABLE 1989 LEVY SUBJECT TO LIMIT (TOTAL LEVY MINUS SPECIALS): $ 1^127,373 <br />D. AMOUNT OF UNDERLEVY FOR PAYABLE 1989 (2B - 2C): )* 0 <br />E. UNUTILIZED PAYABLE 1989 LEVY LIMIT BASE ADJUSTMENT BY APPEAL <br />(LESSER OF 2A OR 2D): 0 <br />3. BEGINNING PAYABLE 1990 LEVY LIMIT BASE AFTER SPECIAL ADJUSTMENT <br />(1 - 2E): $ 1,458,585 <br />4. INFLATION ADJUSTMENT: 1'03 <br />5. INFLATION ADJUSTED 1990 LEVY LIMIT BASE (3X4): 1,502,343 <br />6. ADJUSTMENT FOR GROWTH IN POPULATION OF HOUSEHOLDS <br />(USES ONE-HALF OF THE GREATER OF THE FOLLOWING RATIOS) <br />POPULATION HOUSEHOLDS <br />A. 1988 7,600 2,276 <br />B. 1987 7,110 2,112 <br />C. RATIO (1988/1987) 1.069 1.078 <br />D. ADJUSTMENT FOR GROWTH 1.039 X*X <br />7. POPULATION/HOUSEHOLD ADJUSTED 1990 LEVY LIMIT BASE (5X6D): $ 1,560,934 <br />REFERENDUM LEVY LIMIT BASE ADJUSTMENTS: * 0 <br />9. FINAL ADJUSTED 1990 LEVY LIMIT BASE (7 + 8): 1,560,934 <br />10. 1990 STATE PAID AIDS: <br />A. 1990 LOCAL GOVERNMENT AID: t 189,407 <br />B. 1990 TACONITE AID: 0 <br />C. TOTAL (10A+10D)` * 189,407 <br />11. PAYABLE 1990 LEVY LIMITATION (9-10C)` I^371,527 <br />X FINAL ADJUSTED 1989 LEVY LIMIT BASE FROM LINE 13 OF THE CITY OR TOWN'S <br />PAYABLE I989 LEVY LIMIT NOTICE. <br />*X IF THE DIFFERENCE IS LESS THAN ZERO, IT HAS BEEN CHANGED TO ZERO. <br />eX* IF THE RATIO IS LESS THAN 1.000, IT HAS BEEN CHANGED TO THE NUMBER l-UVV. <br />