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MEMO <br />TO: David Hartley, City Administrator <br />FROM: Noel J. Graczyk, Finance Officer <br />DATE: July 28, 1987 <br />RE: 1988 Budget LGA and Levy Limit Levels <br />The State of Minnesota has informed the City of Ramsey that the <br />1988 Local Government Aid amount for the City will be consistent <br />with last year at $300,478. The State has also informed Ramsey <br />that the overall levy limit for the City will be $1 ,124,131 . In <br />order to give some perspective to these numbers, I have compared <br />with last years values. The following tables are a summary of <br />this comparison: <br />Table 1 — Taxable Assessed Value <br />After Fiscal Disparities Distribution and Tax Increment <br />Deductions <br />1988 $49,486 ,841 <br />1987 $47,815,742 <br />$ 1 ,671 ,099 <br />This represents a 3.5% increase. <br />Table 2 — Levy Limit Overall <br />This is the overall limit as required by Minnesota State Statutes <br />1988 $1 ,124 ,131 <br />1987 $1 ,025,223 <br />$ 98,908 <br />This is a 9.6% increase. <br />