Management Report and Recommendations 12/31/1991

Home Search

Now low YEAR & STATUTE REFERENCE CITY OF LINO LAKES. MINNESOTA STATE LEGISLATIVE ACTION Appendix A Page 2 of 12 INITIAL YEAR ESTIMATED IMPACT 1991 MS 275.51 #31 Authorized contingent addition to the levy limit by the Subd. 7 amount of lost aid of local governments located in a County where the local sales and use tax was not enacted. If local sales and use tax is adopted there will be no impact. 1991 MS 477A.0132 Subd. 1 and 2 #30 Further reductions in local government aid for aids payable in 1992. Estimated reduction percent is 4.034% of 1992 revenue base. Revenue replaced by property tax levy authority. Statewide decrease in 1992 LGA of $43 million. City of Lino Lakes decrease $75,900. (Replaced by levy authority). 1991 #29 Approved LGA cut for December, 1991 aid payment. MS 477A.0132 Cut is estimated to be 1.6% of 1992 revenue base. Aid cut Subd. 1 and 2 not replaced with levy authority. Statewide reduction of $16.7 million. City of Lino Lakes reduction $30,000. ... 1991 #28 Adjusted the HACA base as the 1991 certified HACA MS 273.1398 less any 1991 permanent HACA reductions. Subd. 1 Vi wow Statewide estimates not yet calculated. City of Lino Lakes - no impact. 1991HF1698 #27 Authorized the establishment of a local option sales tax Art. 2 Section 6 of 12% on all retail sales in the County. If the County does not authorize the additional 12% sales tax, Cities and Towns within the County which have a majority of the population may override the County action by sending copies of approving resolutions to the County Auditor by August 1, 1991. Because it is likely that most Counties will approve the local option sales tax, there will not likely be a competitive disadvantage within the State of Minnesota. The increase of 12% in sales tax however, provides a possibly greater competitive edge for surrounding States. Prepared by Tautges, Redpath & Co., Ltd. April 30, 1992