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10. TRANSFORMED PQPULATION: This is the result of multi 1 in our ci 's • <br />PY gY tY <br />population (line 5), raised to the .3308 power, by 30.5485. <br />11. CITY REVENUE NEED: <br />If ,~o r ci 's po~ru)ation is less than. 2.500, your city's revenue need is the result of: <br />a) 1.795919 times the pre-1940 housing percentage (line 3), <br />ply <br />b) 1.562138 times the commerciaUindustrial percentage (line 9), <br />plus <br />c) 4.177568 times the population decline percentage (line 6), <br />plus <br />d) 1.04013 times the transformed population (line 10), <br />minus <br />e) 107.475. <br />If your city's p~,pulation is 2,SQ0 or greater, your city's revenue need. is the result of: <br />a} 3.462312 times the pre-1940 housing percentage (line 3), <br />plus <br />b) 2.093826 times the commercial/industrial percentage (line 9), <br />plus <br />c} 6.862552 times the population decline percentage (line 6}, <br />plus <br />d) .00026 times the city population (line ~), <br />.plus <br />e) 152.0141. <br />The city revenue need is then.multiplied by the ratio of the most recent implicit price <br />deflator for state and local .government purchases of goods and services to the 1993 <br />implicit price deflator for state and local government purchases of good and services. <br />(The March, 1995 and March, 1993 indices were used to compute this. ratio). For <br />determination of 1996 local government aid, this ratio is 1.060082. <br />• <br />12. PAYABLE 1995 CITY NET LEVY: This is your city's payable 19951evy <br />excluding your city's 1995 homestead and agricultural credit aid {RAGA). If your city is <br />located in the seven-county metropolitan area, the net levy for your city includes the <br />- fiscal disparities distribution levy... <br />13. PAYABLE 1995 CITY NET TAX CAPACITY: This is your city's 1994 (payable <br />1995) equalized net tax capacity. The net tax capacity excludes any tax increment <br />financing (TIF) district value and any power line value. If your city is located in the <br />seven-county metropolitan area, the net tax capacity excludes any fiscal disparities <br />contribution value and includes any fiscal disparities distribution value. For cities that <br />receive a TIF aid reduction, this value is adjusted by the amount of the city's payable <br />1994 qualified captured net tax capacity (see line 23 below). <br />14. TAX EFFORT RATE: This is the result of dividing the statewide total payable <br />1995 net levy for all cities by the statewide total payable 1995 equalized net tax capacity <br />for all cities. The tax effort rate is the same for all cities. <br />2 <br />