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· City of Ramsey - 2002 Proposed General. Fund Budget <br /> <br />METROPOLITAN FISCAL DISPARITIES PROGRAM <br /> <br />Background <br /> <br /> Communities in the counties, of Anoka, Carver, Dakota, Hennepin, Ramsey, Scott and <br />Washington (the seven-county metro area) participate in the fiscal disparities program. Under this <br />program, communities in the metro area share growth in commercial and industrial property value. The <br />program redistributes this growth to all municipalities through a formula based on population and market <br />value of taxable property. <br /> <br />Contribution <br /> <br /> Each city's contribution to the fiscal disparities program is 40 percent of the growth in <br />commercial and industrial tax base since 1971. This growth is not limited to new construction. The <br />effects .of inflation and revaluation o'f property as well as demolition are also considered in the growth <br />calculation. However, changes made by the Legislature in the classification rates for commercial and <br />industrial property do not have an impact on the contribution of growth. <br /> <br />Distribution <br /> <br /> Each Community receives a distribution, from the program based on the relative fiscal capacity <br />of each community. Fiscal capacity is measured by market value per capita. Cities with relatively less <br />fiscal capacity receive a larger distribution from the program <br /> <br />Public Hearing - November 27, 2001 <br /> <br />-17- <br /> <br /> <br />