Agenda - Council - 08/28/1984 - Laserfiche WebLink

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m STATE OF MINNESOTA m P.o. Box 64446 st. Paul, Htnnesota 55164 I I I I I I I I I I I I I I I August 8, 1984 TO: ALL CITY FINANCE OFFICERS RE: 1985 LOCAL GOVERHMENT AID NOTICE The 1985 local government aid that has been determined for your city is shown on the enclosed notice. The first of the six monthly installments of this aid will be paid on July 15, 1985. The enclosed notice also lists a number of factors that pertain to your city which were used in determining your city's local government aid. The following is an explanation of these factors: 19B4 LOCAL REVENUE BASE: This is the amount of your city's final lgB4 local revenue base used in the calculation of your city's 1984 local govern- ment aid. o IPD I#FLAIIOei ADJUSTED LOCAL REVENUE BASE: This is your city's 1984 local revenue base increased by the percentage increase in the implicit price deflator for state and local government for the twelve month period ending June 30, 1984. The percentage increase in the implicit price deflator for this period was 6.4 percent. LAST YEAR'S POPULATION ESTIMATE: If your city is located in the seven county metropolitan area, this is the 1983 population estimate'determined by the Metropolitan Council. If your city is located outside of the metro- politan area, this is the 1982 population estimate determined by the State Demographer's Office. CURRENT POPULATION ESTIMATE: If your city is located in the seven county metropolitan area, this is the 1984 population estimate determined by the Metropolitan Council. If your city is located outside of the metro- politan area, this is the 1983 population estimate determined by the State Demographer's Office. The 1984 State Demographer estimates will not be developed until 1985. RATIO OF CHANGE FROM LASI YEAR'S 10 CURRENT POPULAIION ESIIMATE: This is the difference between the 1984 population estimate and the 1983 popula- tion estimate, divided by the 1983 population estimate. (Over) m