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Original Basic Formula <br />Actual Levy in 1970 payable 1971 <br />(t) Various Aids distributed at that time <br />(_) Actual Spendable dollars collected in 1971 <br />(=) 1970 population <br />(=) 1971 per capita base <br />( x ) 60 <br />(=) 1972 per capita levy limit base <br />(x) 1971 population <br />(_) 1972 levy limit base <br />(-) State Aids <br />(_) 1972 levy limit <br />- Modified each session of the legislature since 1971 except in 1976. <br />Primarily adding and subtracting special levies, providing <br />penalties, and providing special base adjustments. <br />- 11,ajor changes to the formula. <br />1973 - Exempted cities under 500 population. <br />Added Referendum for base increase. <br />1974 - Increased base for loss of remaining special aids. <br />1975 - Exempted cities under 2,500 population. <br />Increased base by 17.5p of State Aids. <br />Provided 331/o penalty for over -levy. <br />1977 - Froze population for decreasing population cities. <br />Provided 2-year Reverse Referendum. <br />Added 500 of new Com./Ind. levy to base. <br />Allowed increase to 800 of county -wide average per <br />capita base. <br />1979 - Allowed increase to 850 of county -,ride average per <br />capita base. <br />1980 - Six percent (6;) changed to 8;, except for cities of <br />the 1st class. <br />Reinstated Reverse Referendum. <br />1981 - Includes all cities. <br />Eight percent (80) increase applies to actual levy <br />instead of base. <br />Homestead growth replaces population growth. <br />Special base adjustr.^.ent provisions repealed. <br />Levy Limits for 1983 repealed, <br />1982 - Reinstated Levy Limits for all cities. <br />Eight percent (80) increase applies to actual levy only <br />instead of base. <br />1983 - Cities under 5000 population exempted from 275.51 levy limit <br />- Annual increase is the greater of Implicit Price Deflator <br />or 5% of the Levy Limit Base. <br />- Levy Limit Base is levy plus LGA. <br />- The greater of household or Population Growth replaces <br />homestead growth. <br />- Shade Tree Special Levy made permanent. <br />- Commercial/Industrial Base increase reinstated. <br />1985 - Adjust base by 'ed..2ev.Sharin loss. <br />1985 - Inflation adjustment the lessor of !PD or Sc..". <br />- Allows levy for infrastructure replacement fund. <br />- Allows levy for Development Authority. <br />19S7 - All Levy Lirnit laws suspented for 1988. <br />- AI -lows ,-ii: increase over prev-1 o::S levy ;) i u5 bonoerd oe.1: a nz. <br />pension lia5ility. <br />anClaces cil Cit'ieS over cr)c un"er �� <br />