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-2- <br /> <br />It is very uncertain whether the proposed $500 million additional funding will be enacted <br />by Congress. This money would cushion the effect of the formula changes on those cities <br />whose allocations would be reduced by the changes. Without the additional funding, a <br />number of cities would face sizeable cutbacks from the amount of revenue sharing they <br />currently receive. <br /> <br />Please give me a call if you wish to know the exact allocation which these formula changes <br />would produce for your city. <br /> <br />PLEASE NOTE: THESE FIGURES AND THE FIGURES SHOWN IN THE APRIL 21 MEMO SHOULD ONLY BE <br />USED FOR EVALUATING THE EFFECT OF THE PROPOSED FORMULA CHANGES IN CITIES. BECAUSE THESE <br />ARE ONLY PROPOSALS WHICH MAY NOT BE ENACTED, AND BECAUSE THE ACTUAL LEVEL AT WHICH <br />REVENUE SHARING WILL BE FUNDED IS NOT YET ESTABLISHED, AND BECAUSE'IT IS STILL NOT <br />CERTAIN THAT REVENUE SHARING WILL EVEN BE RE-ENACTED, CITY OFFICIALS SHOULD BE VERY <br />CAUTIOUS ABOUT USING THESE FIGURES FOR BUDGET PURPOSES. <br /> <br />PT:rmm <br /> <br /> <br />