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18 <br /> MEMORANDUM <br /> DATE: November 10, 2000 <br /> TO: Mike Mornson, City Manager <br /> FROM: Roger Larson, Finance Director <br /> ITEM: TAX RATE CALCULATION AND IMPACT <br /> The tax rate is based on the amount of St. Anthony's budget and road levy, less the City's <br /> distribution from the Fiscal Disparities pool and then dividing the net levy (Local Levy) by <br /> current valuation estimates from Hennepin and Ramsey Counties (Total Local Tax <br /> Capacity). <br /> The information necessary to complete the Tax Rate <br /> Calculation is available 'from Hennepin 8T Ramsey <br /> Counties in Mid-October to Early-November. At that <br /> time, the impact will be calculated and included in this <br /> budget document. <br />