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APPENDIX A <br />CITY OF LINO LAKES, MINNESOTA <br />YEAR & <br />STATUTE <br />REFERENCE <br />STATE LEGISLATIVE ACTION <br />1998 <br />#5 Class Rates: 1998 tax bill continued class rate compression begun by 1997 <br />tax bill. Examples of changes include the following: <br />Homestead from 1% on first $75,000 plus 2% for amounts over $75,000 to 1% on <br />first $75,000 plus 1.85% on amounts over $75,000. <br />Commercial Industrial from 3% on first $150,000 plus 4.6% on amounts over <br />$150,000 to 2.7% on first $150,000 plus 4% on amounts over $150,000. <br />1998 <br />#4 State Aid: In addition to current annual inflationary increase in LGA, cities <br />will receive $3 million a year of new LGA. Jurisdictions in metropolitan area will <br />also receive increases in HACA in year 2000 to partially offset decrease in fiscal <br />disparities pool due to class rate compression. <br />1997 <br />#3 Levy Limits: Levy limits imposed on all counties and cities with greater than <br />2,500 population. Debt and other special levies are exempt for 1998 the limit is <br />calculated as follows: <br />+ Levy (net of debt and other special levies) <br />+ Add 1997 HACA, LGA and LPA <br />= Revenue base <br />x 102.24% (inflation <br />x 1996 household divided by 1995 households (not <br />less than 1) <br />- Subtract 1998 HACA, LGA and LPA <br />= Pay 1998 levy limit <br />PREPARED BY HLB TAUTGES REDPATH, LTD. PAGE 2 OF 4 <br />