Agenda Packets - 1988/10/03 - Laserfiche WebLink

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04 LEAGUE COORDINATING COMMITTEE RECOMMENDED RESEARCH PROGRAM FOR OCTOBER THROUGH JANUARY The major research tasks recommended for the League Coordinating Committee through January 15, 1989 are briefly described below. The research tasks have been organized into three major areas of research work. I. Data Base Additions and Modifications - Add data on homeowner income related to home value and tax burden, and develop analytical model for using this data in conjunction with the property tax model. - Enhance ability to do regional totals and averages, constituency group totals and averages and average impact by property type. - Add county welfare data. - Add State Auditor's data on city revenues and expenditvrds for 1987. Update data Lase with estimated 1989 data when available from the Department of Revenue or House Research. Most recent information indicates that valuation data will become available in late October, and levy data will be available one or two months later. II. Background Research and Analysis of the 1990 Law The first major research task is th; analysis of the 1990 law, including its structural features and estimated impacts on property tax burdens. 'this research work may include analysis of the fiscal characteristics of cities in different regions of the state, and how those characteristics play a role: in determining the impact of the 1990 law. III. Research to Develop Specific Proposals for Consideration by th The primary objective of this work plan is to develop two specific proposals that are acceptable to the Constituency Groups. One of the proposals would include a homestead credit and the other would not. �. The research involved in developing a specific proposal is difficult to describe in detail. It is generally an interactive -- process. where alternative proposals and their impacts are described