Agenda - Council - 12/20/1983 - Laserfiche WebLink

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I I I I I I I I 1984 and the actual 1983 local government aid for cities after prorating the preliminary 1984 aid amounts to the $246,200,000 appropriation limit. For the 1983 aid year, each city is receiving the amount of local government aid that it should have received in the 1981 aid year based on the formula in effect at that time. The 1984 preliminary local government aid figure includes a supplement to account for the discontinuation of two specialized aid programs, attached machinery aid and reduced assessment credit. Accordingly, to make the appropriate comparison in Exhibit 1, each city's 1983 actual local government aid has been supplemented by its attached machinery aid and reduced assessment credit. Thus, the 1983 local government aid figure listed for each city in the column numbered (1) is the sum of the 1983 local government aid, attached machinery I I I I I I I I ! aid and reduced assessment credit. The figures listed in the column numbered (2) represent each city's preliminary 1984 local government aid reduced by a pro rata amount sufficient to reduce their total to the $246,200,000 appropriate limit established by the legislature. The column numbered (3) 1-ists the percentage by which each city's adjusted preliminary 1984 aid differs from its actual 1983 aid. 3. Based on information contained in the records of the Department of Revenue, under my direction my staff prepared a table, attached hereto as Exhibit 2, comparing the 1983 local government aid received by each city to the actual 1984 local government aid that the city will receive under the new statutory formula. The 1983 local government aid listed in the column numbered (1) is calculated as described in paragraph No. 2, above.