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.r <br />WEINIII <br />YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES. MINNESOTA <br />STATE LEGISLATIVE ACTION <br />Appendix A <br />Page 8 of 11 <br />INITIAL YEAR <br />ESTIMATED <br />IMPACT <br />1990 <br />MS 477A.013 <br />Subd. 5,6,7 <br />#10 Equalization Aid limited to 12% increase over 1990 <br />Equalization Aid. Also Equalization Aid subject to reduction <br />if LGA is not sufficient to absorb cuts based on revenue <br />base. Equalization Aid capped Statewide at $19,485,684. <br />Maximum <br />equalization aid <br />established to limit <br />future increases. <br />City of Lino Lakes <br />increase $5,962. <br />1989 <br />MS 477A.013 <br />Subd. 5 <br />#9 Tax Base Equalization Aid, is a program that <br />targets aid to low tax base cities starting in 1990. Tax Base <br />Equalization Aid to be administered similar to HACA <br />whereby the county auditor to deduct the aid from the <br />amount of taxes certified by the city. Payments of Tax Base <br />Equalization Aid to be made on July 20 and December 15, <br />1990 from the Department of Revenue. <br />Statewide initial year <br />increase in aid <br />$19.5 million. City <br />of Lino Lakes <br />increase $49,684. <br />1989 SP1 Ch 1, #8 1989 levy limits for Cities repealed starting with <br />Art. 5 Section 51 collectible 1992 levy. In 1990 the effective date was <br />extended to collectible 1993 levies. (See #15) <br />Anticipated extension <br />and delay of start <br />likely to result in no <br />impact. <br />Prepared by Voto, Tautges, Redpath & Co., Ltd. <br />June 20, 1991 <br />