Agenda - Council - 10/27/1981 - Laserfiche WebLink

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I I I i I I I I IIII. IV. I I I I I September 1~$1 1982-83 MIMNESOTA LOCAL GOVER~,~MENT AID FO]~'fULA COUNTIES receive the same amount received in the previous year CITIES AND URBAN TOWNS (over 2,500 population) receive: Local Revenue Base (1980 Lev5· Limit Base increased annually by percentage growth in CPI and percentage growth in ~opulation) 10 mills X EARC Initial = Aid Amount (a) This initial aid amount is compared to the followinj minimum aid amount and adjusted upward if necessary: $ per capita ff' the equalized mill rate is less than 10 mills ' between 10 and 20 mills greater than 20 mills (b) The resulting amount is compared to the following maximum aid amount and adjusted downward if necessary: 112%~ ' fgreater than $100 115% ~ of previous year aid if previousl between $75 and $100 117%{ year aid per capita is between $50 and $75 120%J less than $50 ALL OTHER CITIES receive the same amount received in the previous year plus: $1~ ~"less than 10 mills $3 per capita if the equalized ~{ between 10 and 20 mills $51 mill rate is [greater than 20 mills ALL OTHER TO~FNS ' receive the same amount received in the previous year plus:' $01 {less than 10 mills $3 per capita if the equalized between 10 and 20 mills $5 mill rate is greater than 20 mills After making all'calculations, aid amounts are totaled and compared with the appropriated amount. If the total is too high, all units are reduced proportionately, except that no unit will receive less than its previous year aid.