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06-03-1991 WS
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06-03-1991 WS
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MV City Council
City Council Document Type
City Council Packets
Date
6/3/1991
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IMPACT OF NOT APPROVING THE LOCAL OPTION SALES TAX <br /> If a county government or city councils representing a majority <br /> of the population within a county do not approve the additional <br /> one-half cent local option sales tax, the county and all cities <br /> and special taxing jurisdictions within that county will lose all <br /> of the following state aids: LGA, HACA, equalization aid, and <br /> disparity reduction aid. An estimate of the amount of state aid <br /> that would be lost by cities in 1992 if the local option sales <br /> tax is not approved is listed in the first column. (This amount <br /> does not include county and special taxing jurisdiction aid that <br /> would also be lost. ) <br /> Local governments will have the option of levying to replace aid <br /> that was lost by not approving the local option sales tax. The <br /> second and third columns list the estimated 1992 city and total <br /> tax rate increases needed to replace all aid that would be lost <br /> by not approving the local option sales tax. <br /> EXAMPLE: CRYSTAL <br /> If the local option sales tax was not adopted in Hennepin County, <br /> the City of Crystal would lose an estimated $2, 663 ,226 in state <br /> aid (from column one) . In addition, the city tax rate in Crystal <br /> would increase by an estimated 26.210 (from column two) and the <br /> total tax rate in Crystal would increase by an estimated 30. 168 <br /> (from column three) . For example, if we assume that Crystal 's <br /> city tax rate was 21. 000 before the loss of any state aid, the <br /> city rate would have to increase to 47.210 (21. 000 + 26.210 ) - <br /> after the loss of state aid in order to maintain the same amount <br /> of revenue. Similarly, if the total tax rate in Crystal was <br /> 120. 000 before the loss of state aid, the total rate would have <br /> to increase to 150. 168 (120. 000 + 30. 168 ) after the loss of <br /> state aid in order to maintain the same amount of revenue. <br /> Estimated increase in tax <br /> Estimated rates that would occur if <br /> state aid local option sales tax <br /> to city that is not approved <br /> is lost if <br /> local option City Total <br /> sales tax is Tax Rate Tax Rate <br /> A.M.M. Cities not approved Increase Increase <br /> ANOKA $11667, 947 19 . 922 29 . 437 <br /> APPLE VALLEY $2, 401, 085 10.410 15.352 <br /> ARDEN HILLS $23 , 463 0.224 4 .540 <br /> BAYPORT $140, 552 5. 079 10. 659 <br /> BLAINE $2 ,466, 977 15.445 25. 512 <br /> BLOOMINGTON $2 , 915, 821 3 . 086 7.482 <br /> BROOKLYN CENTER $2, 837, 809 14 . 175 18 . 340 <br /> BROOKLYN PARK $3, 914, 437 12 . 790 16.766 <br /> BURNSVILLE $2,777, 645 5. 949 11. 044 <br /> CHAMPLIN $1, 186,248 15. 540 19.241 <br /> CHANHASSEN $725, 860 7 .911 18 .463 <br /> CHASKA $504, 868 7. 982 18 . 159 <br /> CIRCLE PINES $424 , 391 22 . 882 32 . 325 <br /> COLUMBIA HEIGHTS $2, 815, 726 35.279 44 . 820 <br /> COON RAPIDS $4 ,208 ,764 . 18 . 691 28 . 653 <br /> COTTAGE GROVE $2 , 053 , 815 18 . 842 24 .533 <br /> CRYSTAL $2 , 663 , 226 26.210 30. 168 <br />
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