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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES. MINNESOTA <br />STATE LEGISLATIVE ACTION <br />Appendix A <br />Page 8 of 12 <br />INITIAL YEAR <br />ESTIMATED <br />IMPACT <br />1990 Ch. 604 #15 Levy limits for Cities repealed starting with <br />Art. 3 Section 47 collectible 1993 levy. <br />Anticipated extension <br />and delay of start <br />likely to result in no <br />impact. <br />1990 #14 Approved potential LGA and HACA cuts related to <br />MS 273.1399 tax increment districts formed after April 30, 1990. <br />Subd. 5 <br />Estimated reduction <br />in aids not calculated. <br />Legislation designed <br />to discourage new <br />tax increment <br />districts. <br />1990 #13 Further reductions in LGA to cities. The Legislature <br />MS 477A.013 reduced LGA by 1.53% of the revenue base. This <br />Subd. 7 permanent cut occurred after City budgets were adopted and <br />the operating year was one third elapsed. The Legislation <br />did not provide a replacement revenue source. <br />Statewide decrease <br />in 1990 LGA <br />$14.4 million, City <br />of Lino Lakes <br />decrease $26,300. <br />1990 <br />MS 273.1398 <br />Subd. 2 <br />#12 The prior year (1990) HACA cut related to LGA is <br />extended to also reduce 1991 HACA. Established a <br />"Homestead and Agricultural Credit Base ". HACA base is <br />defined as the previous year's certified HACA aid. For aid <br />payable in 1991, HACA is determined as shown in #7. For <br />aid payable in 1992, HACA is determined as follows: <br />(HACA base x growth adjustment factor) + net tax capacity <br />adjustment + fiscal disparity adjustment. <br />Reduction equal or <br />greater than 1990 <br />HACA cut. For aid <br />payable in 1992, <br />HACA will increase <br />for certain cities <br />based on the tax rate <br />change "buy down ". <br />(see #20) <br />Prepared by Tautges, Redpath & Co., Ltd. <br />April 30, 1992 <br />