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Agenda - Council - 12/20/1983
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Agenda - Council - 12/20/1983
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4/15/2025 12:04:50 PM
Creation date
3/22/2004 9:28:19 AM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/20/1983
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I <br />I <br /> <br />I <br />I <br /> <br />I <br />I <br />I <br /> <br /> 8. (a) A strong positive relationship exists between the <br />amount of LGA a city will receive in 1984, under 1983 legislation, <br />and the amoont of LGA a city received i,n 1979 under the "coonty pot" <br />distribution formula. Our statistical analysis indicates that the <br />correlation coefficient is 99.71% between these two aid years. <br /> <br /> (b) The most significant factor in determining LGA for a <br />levy limit city or town for the years 1980 tbrougb that estimated <br />for 1984 was not tax base, revenue base or fiscal need but rather <br />the amount of LGA received in the prior year. Our statistical <br />analyses y~eld the following results when analyzing each year <br />compared to its immediate prior year: <br /> <br />Correlation <br /> Coefficient <br /> <br />1980 1981 1982 1983 1984 <br /> <br />99.82% 99,99% <br /> <br />99.99% 99.99% 99.97% <br /> <br />- 10 - <br /> <br /> <br />
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