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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES, MINNESOTA <br />STATE LEGISLATIVE ACTION <br />APPENDIX A <br />1990 <br />MS 477A.013 <br />Subd. 7 <br />#13 Further reductions in LGA to cities. The Legislature reduced LGA by <br />1.53% of the revenue base. This permanent cut occurred after City budgets were <br />adopted and the operating year was one third elapsed. The Legislation did not <br />provide a replacement revenue source. <br />1990 <br />MS 273.1398 <br />Subd. 2 <br />#12 The prior year (1990) HACA cut related to LGA is extended to also reduce <br />1991 HACA. Established a "Homestead and Agricultural Credit Base ". HACA <br />base is defined as the previous year's certified HACA aid. For aid payable in <br />1991, HACA is determined as shown in #7. For aid payable in 1992, HACA is <br />determined as follows: <br />(HACA base x growth adjustment factor) + net tax capacity adjustment + fiscal <br />disparity adjustment. <br />1990 <br />MS 273.13 <br />Subd. 24 & <br />32 <br />#11 Commercial property tax rates lowered. (See #22). <br />1990 1991 1992 1993 <br />Rate Rate Rate Rate <br />First $100,000 of <br />market value 3.30% 3.20% 3.10% 3.00% <br />Market value over Targeted to <br />$100,000 5.06% 4.95% eventually be 4% <br />1990 <br />MS 477A.013 <br />Subd. 5,6,7 <br />#10 Equalization Aid limited to 12% increase over 1990 Equalization Aid. <br />Also Equalization Aid subject to reduction if LGA is not sufficient to absorb cuts <br />based on revenue base. Equalization Aid capped Statewide at $19,485,684. <br />1989 <br />MS 477A.013 <br />Subd. 5 <br />#9 Tax Base Equalization Aid, is a program that targets aid to low tax base <br />cities starting in 1990. Tax Base Equalization Aid is to be administered similar to <br />HACA whereby the county auditor is to deduct the aid from the amount of taxes <br />certified by the city. Payments of Tax Base Equalization Aid are to be made on <br />July 20 and December 15, 1990 from the Department of Revenue. <br />1989 <br />SP1 Ch 1, <br />Art. 5 <br />Section 51 <br />#8 1989 levy limits for Cities repealed starting with collectible 1992 levy. In <br />1990 the effective date was extended to collectible 1993 levies. (See #15). <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. <br />PAGE 7 OF 9 <br />