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MEMORANDUM <br />DATE: May 28, 1997 <br />TO: Mike Mornson, City Manager <br />FROM: Roger Larson, Finance Director <br />ITEM: TAX BILL /LEVY LIMITS FOR 1998 <br />The following is a recap of the affect that the current Tax Bill implementing levy limits will <br />have on St. Anthony: <br />1997 <br />Certified Levy <br />$ 1,664,011 <br />Less: Road Improvement Levy <br />($ 134,005) <br />Add: Local Performance Aid (LPA) <br />$ 9,428 <br />Homestead Credit (HACA) <br />$ 334,378 <br />Local Government Aid (LGA) <br />$ 141.475 <br />1997 ACTUAL LEVY <br />$ 2,015,287 <br />Times: Inflation <br />1.0224% <br />PERCENTAGE INCREASE <br />$ 2,060,429 <br />1998 <br />Less: (Estimated 1998 Aids) <br />Local Performance Aid (LPA) <br />($ 10,603) <br />Homestead Credit (HACA) <br />($ 334,378) <br />Local Government Aid (LGA) <br />($ 148.711) <br />1998 ESTIMATED LEVY LIMIT <br />$ 1,566,737 <br />1997 ACTUAL LEVY <br />($ 1.530.006 <br />INCREASE IN DOLLARS <br />$ 36,731 <br />PERCENTAGE INCREASE <br />2.4% <br />