Agenda - Council - 04/27/1982 - Laserfiche WebLink

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also by the followi~.~' ,-'r~[:,lJnt% Of aids and credits N,,.hich you were schc. dule(', to receive on Deccn'.: ~. 19~t' local government aid' the homestead credit; the wetlands credit; the native prairie credit; the reduced assessment credit; attached machinery aid; and the mobile home credit. You should be aware that the amounts included in the February 19 check for the homestead credit, the reduced assessment credit and the native prairie credit are less than the amounts you received for each of these credits in the previous five payments. I I I I I I I For 1981, the total statewide cost of the homestead credit program was O.1 percent greater than the amount appropriated for the program by the legislature. So--as prescribed by a state law which became effective in 1981--each local government unit's homestead credit total payment for the full year has been cut by the same proportion. In other words, each local government unit's homestead credit payment has been cut by an amount equaling a 0.1 percent reduction in its homestead credit payment for the full year. The homestead credit payment included in the check dated February 19 has had the full amount of this reduction subtracted from it. Also, the total statewide cost of the 1981 reduced assessment credit program was 13.4 percent greater than the amount appropriated. So, your reduced assessment credit payment--if any--for the full year, has been cut by 13.4 percent. The full amount of this reduction has been subtracted from the amount of the payment for this credit included in the check dated February 19. In addition, the total statewide cost of the 1981 native prairie credit .program was ll,1 percent greater than the amount appropriated. So, your native prairie credit payment--if any--for the full year has been cut by 11.1 percent. The full amount of this reduction has been subtracted'from the amount of the payment for this credit included in the check dated February 19. I I I I I I With these two checks, the full amount of your 1981 aids and credits payments has been made. There should be no amounts remaining to be paid to you for 1981. Last summer I sent each town, city and county a certificate showing the total amount of the local government aid payment it would receive for the year 1982. In December 1981--several months after you received your certificate--the third special session of the state legislature passed a law cutting ~he amount it has appropriated for local government aid payment for 1982 by 11.08 percent. As a result, the amount of the local government aid payment which will be made to each town, city and county in the state for 1982 will be cut by ll.08 percent. To determine the amount of the local government aid payment you will receive for 1982, multiply the amount shown on the certificate I sent you last summer by .8892. Sincerely, WALLACE O. DAHL, Director Local Government Aids & Analysis Division WOD:dlw Enclosures