7.10. SR 08-21-1995 - Laserfiche WebLink

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15. NEED INCREASE PERCENTAGE: This is the percentage that is needed to increase the total 1996 aid for all cities to the amount of aid appropriated for cities in 1996. The need increase percentage is the same far all cities. 16. CITY AID BASE: This is the total of your city's 1993 local government aid, 1993 equalization aid, and 1993 disparity reduction aid. Cities which received a need increase percentage adjustment for the calculation of their 1995 local government aid, due to a transfer of governmental funds to their sewer and/or water funds in 1992 or 1993, receive a city aid base adjustment for 1996 equal to one-half the difference between their 1995 city aid base and their 1995 local government aid before state costs. 17. CITY FORMULA AID: This is the result of multiplying the need increase percentage (line 15) times the difference between a) the city's revenue need (line 11) multiplied by the city's. population (line 5) and b) the city's net tax capacity (line 13) multiplied by the tax effort rate (line 14). 18. PRELIMINARY AID: This is your city's- formula aid (line 17) plus your city's city aid base (line 16). 19. 1995 LOCAL GOVERNMENT AID: This is the total amount of local government aid your city was certified to receive in calendar year 1995, before the reduction for state costs. 20. MAXIMUM AID: For cities of the first class inneanoli~St. Paul. and Duluthl: The maximum aid is limited to the city's 1995 local government aid (line 19) increased by the aggregate percentage increase in aid for all cities from 1995 to 1996. For 1996, this increase is equal to approximately three percent. For all other cities: The maximum aid is limited to 10 percent of the city's net levy for the taxes payable year 1995 (line 12) plus the city's 1995 local government aid (line 19). 21. 1996. LOCAL GOVERNMENT AID BEFORE STATE COSTS: This is the lesser of your cit~~'s preliminary aid (line 18) or your city's maximum aid (line 20). 22. REDUCTION FOR STATE COSTS: Minnesota Statutes, Section 477A.014, Subdivision 4 provides for reductions in local government aid to finance certain state costs. All cities and towns receiving local government aid in 1996 receive a reduction for state costs based on their prorated share of the following amounts: Calendar Year 1996 State Demographer $ 16,000 State Auditor (Government Information Division) 217,000 Department of Administration (IISAC) 205,800 Department of Employee Relations (Pay Equity) 55.00 TOTAL $ 493,800 • 3