CC PACKET 10111988 - Laserfiche WebLink

Home Browse Search

• to the Committee , the Committee reacts to those proposals and provides direction for further research to refine or redirect those alternatives . Dozens or even . hundreds of individual computer runs may be needed in order to design a specific proposal that is acceptable to the participants . the elements of the system that will be considered in designing a proposal may include the following: Classifications and assessment ratios. LGA , disparity aid , and other equalization formulas . The homestead credit , other- credits , and, 4n the case of the alternative proposal , transition aid payments or other programs that replace the homestead credit . Categorical aids , such as the welfare takeover that are either in addition to or in lieu of other state-paid aids . Fiscal disparities or tax base sharing programs . Income adjusted property tax refunds or an income adjusted homestead credit. Extensive computer analysis is needed to assess the • inter-related impact of changes to all elements of the system. It will be necessary for the Constituency Groups to focus the research effort very early in the process . without some initial policy agreements , the research effort could become unfocused and would more likely be unproductive. The research work for the first several meetings would be designed to help the members of the Committee reach a preliminary agreement on the direction that the proposals should take. The research needed to develop specific proposals may include some of the more specific research tasks already suggested by Committee members, assuming that. the Committee agrees that these specific research tasks are needed . Some of the specific items suggested so far include: Analysis of impact and appropriateness of using city size as a basis for distributing aids . Elimination of split classifications ; impact on tax burdens and on the distribution of aid . Research on the design of new property tax systems that do not require or encourage mill rate buy-downs or mill rate equalization . • - Research on single aid programs that could replace the multiple programs in current law.