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<br />. <br /> <br />. <br /> <br />. <br /> <br />1994 TRUTH IN TAXATION HEARING <br /> <br />Supplemental Information <br /> <br />Answers to questions posed in UNDERSTANDING YOUR PROPERTY TAXES <br />1993 printed by the Minnesota Taxpayers Association. <br /> <br />1. What is the dollar amount of proposed total spending for <br />1994? <br />$3,394,750 for the General Fund. <br /> <br />2. How does that compare to last year? <br />An increase of $388,350 or 12.92%. <br /> <br />3. How does this compare to the rate of inflation? <br />It is higher. <br /> <br />4 . <br /> <br />What are the major spending categories? <br />Police - 38.01% of total and Streets - 12.08% of total. <br /> <br />5. What are the major revenue sources? <br />Property Tax 45.37% of total and Intergovernmental <br />Revenues - 27.25% of total. <br /> <br />6. How much spending is mandated by the State? <br />Some personal service costs are mandated as well as the <br />paYment of State sales tax. <br />