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<br />. <br /> <br /> 1. <br /> 2. <br /> 3. <br /> 4. <br /> 5. <br /> 6. <br />. 7. <br /> <br />- <br /> <br />1995 TRUTH IN TAXATION HEARING <br /> <br />Supplemental Information: <br /> <br />Answers to questions posed in UNDERSTANDING YOUR PROPERTY TAXES 1994 printed by the <br />Minnesota Taxpayers Association. <br /> <br />What is the dollar amount of proposed total spending for 1995? <br />$3,372,250 for the General Fund. <br /> <br />How does that compare to last year? <br />That is an increase of $337,500 or 9.94%. <br /> <br />How does this compare to the rate of inflation? <br />It is higher. <br /> <br />What are the major spending categories? <br />Police - 35.33% of total; Streets 11.53% oftotal. <br /> <br />What are the major revenue sources? <br />Property Tax - 47.99% of total; Intergovernmental Revenues - 24.18%. <br /> <br />What is the projected growth rate in total market value for property taxes to be paid in 1995? <br />12.5% <br /> <br />What is the projected growth rate in total net tax capacity for property taxes to be paid in <br />1995? 15.5% <br /> <br />J <br />