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Continued from page 1 <br /> <br />plan does not include cuts in state aid programs, any cuts that might be coupled with the freeze would auto-matically <br />translate into local budget cuts. <br /> Reverse referendum. The governor's plan replaces levy limits with a reverse referendum process. Under reverse <br />referendum, taxpayers could challenge a council's levy increase if a petition signed by a number of voters equal to at least <br />5 percent of those voting in the last general election is presented. A successful challenge would require the city's levy to <br />be returned to the previous year's level. The effect of a successful challenge on debt levies has not been fully analyzed, but <br />the reverse referendum could possibly limit the city's ability to increase its levy for debt service. ~ <br /> <br /> Pogemiller House Senate House Dorman/ <br /> Governor's Bill Property Tax Republican Democrat Democrat Langseth Bill <br /> HF 751/SF 748 Freeze SF 330 Targets Targets Targets HF 1502/SF 1421 <br />~,003 City Aid $140.7 million No Restoration of Restoration of $37 million $95.0 million <br />~eduction $91 million in city $200 million in <br /> and county aid cuts city and county <br /> compared to the aid cuts compared <br /> governor's proposal.~ to the governor's <br /> proposal.* <br />~004 City Aid $277.3 million None See above See above $75 million $96.5 million <br />Keduction <br />Kid Payment No No Unspecified Unspecified Dec. 2004 aid No <br />Delay/Shift paid the follow- <br /> ingApril and July I <br />Fransit Aid No No No No No Eliminates <br />Elimination $125 million in <br /> transit aid, to be <br /> replaced with <br /> property tax <br /> increases. <br />Levy Limits Apply to all For 2004 and Unspecified Unspecified Unspecified Not included <br /> cities for 2004 2005 taxes, <br /> only; no recovery property taxes <br /> of aid cut would be frozen <br /> at the 2003 level <br />Debt Prohibits levy Prohibits the Unspecified Unspecified Unspecified Not included <br />R. estrictions increases to issuance of <br /> cover some any new debt <br /> new debt requiring a levy <br /> starting in 2004 <br /> or 2005 <br />Reverse Effective for Not included Unspecified Unspecified Unspecified Not included <br />Referendum CY 2005 and <br /> beyond. Would <br /> be triggered by <br /> a petition signed <br /> by 5 percent of <br /> those voting in <br /> the last general <br /> election. <br />New Funding No taxes/some No Taxes from a new New, high New high No new funding <br /> fee increases casino; cigarette income tax income tax <br /> tax increase bracket; cigarette bracket; cigarette <br /> tax increase tax increase <br /> <br />*Plans do not specify how the restoration of the cuts will be implemented or how much will be directed to cities or counties or how the restoration will be <br />distributed over the two year period. <br /> <br />April 16, 2003 Page 7 <br /> <br /> <br />