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I <br /> I <br /> I <br /> I <br />I <br /> I <br /> I <br /> I <br /> <br />To: All City FinanCe Officers <br />Re: 1984 Local .Government Aid <br />Page 2 <br />August 12, 1983 <br /> <br />1983 LOCAL GOVERNMENT AID: This .is the total of the 1983 lo. ca) .govemnment <br />aid payments cur.rent'ly being made to .your city. <br /> <br />1983 ATTACHED MACHINER¥ AID.: This is t~e total of the )982 attached machinery <br />aid payments currently being made to your city. <br /> <br />8. 1983 REDUCED ASSES~4ENT CREDIT <br /> (Al CITY AMOUNT: This ~s the total of the 1983 reduced assessment credit <br /> payments currently being made to your city for city government purposes. <br /> (B) TAX INCReMEnT DISTRICT AMOUNT - ESTABLISHED PROJECTS: This is the total <br /> of the 1983 reduced assessment credit payments currently being-made to <br /> tax increment districts located within your city, <br /> (C) TAX INCREMENT DISTRICT ~40UNT - NEW'PROJECTS: This is the total reduced <br /> assessment credit that would have been paid to the tax increment districts <br /> 1.ocated in your city if the new low income and elderly housing projects <br /> currently being developed in your city would have been subject tO the <br /> property tax for taxes payable in 1983. <br /> <br />9. FINAL 1984 'LOCAL REVENUE BASE: This is the total 1984 local revenue .base <br /> specified for your City under the local government aid formula, <br /> <br />m <br /> <br />lO:. 1982 ADJUSTED ASSESSED VALUE: This is your city's taxable ~alue for assessment <br /> year 1982 afterladjustment for the assesso~'S.llevel of assessment. The assessor's <br /> level of assessment is determined by-the Property Equalization Division of <br /> the Department of Revenue. <br /> <br />ll. MAXIMUM AID: This is the maximum amount of aid your city is entitled to receive <br /> in 1984 under the local government aid formula. <br /> <br />12. MINIMUM AID: This is the minimum amount of-aid your city can receive in 1984 <br /> under the local government aid formula. <br /> <br />13. 1984 LOCAL GOVERNMENT AID: This is the actual amount of aid that your city will <br /> receive in 1984 under the local government aid formula. It cannot be less than <br /> your city's minimum aid nor greater than its maximum aid. <br /> <br />Minnesota Statutes, .}982, Section ¢77A.014 provides that a governmental uni( may <br />object to the amount of aid that the Department of Revenue has determined for it. <br />No objection mas be maised later'than 60 days after receipt of this Notice. Such <br />objection should be addressed to Wallace O. Dahl, Director, Local Government Aids <br />and Analysis Division, Department of Revenue, Centennial Office Building, St. Paul, <br />Minnesota 55145. <br /> <br />If you have anyquestions concerning this letter, please call me at {612) 296-2286. <br /> <br />Very truly yours, <br /> <br />Wallace O. Dahl, Director <br />Local Government Aids and Analysis Division <br /> <br />WOD:jdw <br /> <br />Enclosures <br /> <br /> <br />