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Agenda - Council Work Session - 12/14/2010
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Agenda - Council Work Session - 12/14/2010
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Last modified
3/18/2025 2:50:50 PM
Creation date
12/9/2010 7:46:56 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council Work Session
Document Date
12/14/2010
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Fiscal Disparities Area Wide Levy Calculation <br />• Assuming City will receive an area wide <br />contribution in Hypothetical 2021 Scenario, <br />regardless of which option is selected as both <br />result in the FD Contribution to the Pool <br />- 2021 Estimated FD Contribution: $1,873,846 <br />- 2021 Estimated FD Distribution based on current <br />formula: $2,454,738 <br />- Estimated Area Wide Levy based on assumed tax <br />rate of 37.809% = 928,112 <br />• Estimated Area Wide Levy same under both <br />options <br />Public Sector Advisors Springsted <br />
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