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THIS IS <br /> IT . . . . <br /> For the Week of March 27, 1995 - March 31 , 1995 <br /> ADMINISTRATION <br /> ADMINISTRATION <br /> Today, Tim C. , Cathy and I attended the LMC Legislative Update <br /> held in St. Paul. I have included in this issue several "position <br /> papers on current legislation. I have also included herein a TIF <br /> update from Jim Casserly. He has summarized very nicely the <br /> current status of all TIF legislation. <br /> The message given at the LMC Conference was that there is growing <br /> support both in the House and Senate for a hard, some call a <br /> "very hard" property tax freeze for 1996 with virtually no <br /> exemptions, not even for debt service. <br /> It appears that the House and Senate agree that 1995 LGA/HACA <br /> reductions should be restored, but disagree on the $20, 000, 000 in <br /> reductions proposed for 1996 . Both plans for restoration of funds <br /> are dependent on obtaining the money from the Governor's $220 <br /> million set aside for pending Federal reductions to State <br /> programs (estimated to be between $250-300 million in 1996-97 and <br /> $600 in 1998/1999) . <br /> The Senate has proposed to secure part of the funding to restore <br /> LGA/HACA reductions from the proposed property tax freeze. The <br /> freeze would "free up" funds that would have been used for the <br /> Circuit Breaker programs and Supplemental Tax program. <br /> The Governor's Supplemental Budget has $100 million in <br /> appropriation for K-12 education. School officials across the <br /> State appear to be "gunning for" removal of all K-12 and higher <br /> education appropriation caps. If these caps were removed and the <br /> State funded what the schools feel is "real costs" , the increase <br /> to the State budget would be in the neighborhood of $706 million <br />