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YEAR & <br />- STATUTE <br />REFERENCE <br />VIIMMII <br />Vima <br />_. <br />APPENDIX A <br />CITY OF LINO LAKES. MINNESOTA <br />STATE LEGISLATIVE ACTION <br />1988 <br />#3 Cities to receive Transition Aid in lieu of homestead credits. Transition <br />MS 273.1398 <br />aid to be calculated on each unique taxing jurisdiction (UTJ) and then allocated <br />Subd. 2 <br />to the local units of government within the UTJ based on the proportion of local <br />governments gross tax levy to total taxes within the UTJ as follows for 1990: <br />Gross taxes of UTJ less [46% X 2.17% X 1989 tax capacity rate X 1988 <br />aggregate assessment sales ratio] X UTJ net tax capacity X 103 <br />The above UTJ amount to be allocated to local governments based on percent of <br />local governments levy to total UTJ levies. Transition Aid to be frozen at 1990 <br />levels. Considering growth and inflation, this freeze is a reduction of State <br />funding. Transition Aid was the replacement of the Homestead Credit Program. <br />This Transition Aid was subsequently re- termed as Homestead Credit and <br />Agricultural Aid (HACA) - see #7. <br />1988 <br />#2 Targeted Cities (primarily non -metro cities) to receive disparity reduction <br />MS 273.1398 <br />aid. The 1989 disparity reduction aid to be based on 1988 gross taxes and gross <br />Subd. 3 <br />tax capacity rates. Disparity reduction aid will be frozen at 1989 levels. <br />Metropolitan suburban cities to receive one -half of one percent of this aid <br />($300,000 of $54.3 million). <br />1988 <br />#1 Local government aid (LGA) formula modified to reflect a per household <br />MS 477A.013 <br />aid factor compared to prior year tax capacity and tax base increase. <br />Subd. 3 <br />Expenditure/unlimited ratio factor established as component of LGA formula. <br />Lower of three -part formula to calculate initial LGA increase. <br />PREPARED BY TAUTGES, REDPATH & CO., LTD. PAGE 9 OF 9 <br />