Agenda - Council - 08/26/1980 - Laserfiche WebLink

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MINNESCTA DEPAR1NE~,T JiF REVENUE tCCAL GOVERNMENT AIDS AI~D ANALYSIS DIVISION AUGUST 11t 1980 CL ERK'TREA SURER RAMSEY CITY OF 15153 NOWTHEN BLVD NW ANOKA MN 55303 THE PURPOSE OF THIS LETTER IS TO INFORM YOU OF THE AMOUNT CF L[CAL G~.VERNMENT AID THAT YOUR GOVERNMENTAL UNIT WILL RECEIVE IN CALEKCAR YEAR 1981 AND OF TEE FACTORS USEC IN CALCULAIING THIS AID THE 1981 LOCAL GOVERNMENT AID FOP A CITY OR TOWN EXEMPT FRCN TEE 8% LEVY LIMITATION IS EQUAL TO ITS 1980 LOCAL GOVERNMENT AID PLUS ~N I IONAL PER C~PITA AIO DISTRIBUTION DEPENDING ON THE LE~/EL CF ITS GE EQUALIZED MILL RATE. THE AVERAGE EQUALIZED MILL RATE IS Ti-'E AVERAGE MILL RATE FOR TAXES PAYABLE YEARS 19-/8, 1979 AND 1980 MULTIPLIED BY THE 1979 ASSESSMENT/SALES RATIC. ADDITIONAL PER C~PITA AID DISTRIBUTIONS ARE MADE ACCORDING TO THE FOLLOWING SCHEDULE. AVERAGE I~QUAL IZED MILL RATE AID INCREASE CITIES TOWNS 10 MILLS OR LESS 10 MILLS - 20 MILLS OVER 20 MILLS PER CAPITA PER CAPITA PER CAPITA NONE $4 PER CAFITA $6 PER CAPITA THE FOLLOWING FACTORS PERTAIN TO YOUR GOVERNMENTAL UNIT. AVERAGE MILL RATE FOR TAXES PAYABLE YEARS 1978, 197S, 198C 1979 ASSESSMENT/SALES RAIIO AVERAGE EQUALIZED MILL RATE [1 X 2) PER CAPITA AID INCREASE CURRENT POPULATION AID INCREASE (4 X 1980 LOCAL. GOVERNMENT AIC 1981 LOCAL GOVERNMENT AID $ $ 12.312 .825 10.157 4 9,478 37,912 121,832 15(S, 744 MINNESOTA STATUTES 1978, SECTION 477A.01, SUBDIVISION 4D PRE, VI[ES THAT A GOVERNMENTAL UNIT MAY OBJECT TO THE APCUNT OF AID THAT TIlE DEPARTMENT OF REVENUE HAS DETERMINED FOR IT. SUCH OBJECTIOK IS TO BE RAISED WITHIN 60 DAYS AFTER RECEIPT OF THIS NOTIFICATIOK. AKY OBJECTION SHOULD BE ADORESSED TO WALLACE O. DAHL, DIRECTOR, LOCAL GOVERNMENT AIDS AND ANALYSIS DIVISION, DEPARTMENT OF REVENUE, CENTENNIAL OFFICE BUILDING, ST. PAUL, MINNESl]TA 55145. IF YOU HAVE ANY QUESTIONS CCNCERNING THIS LETTER, PLEASE CCI~TACT RICHARD GARDNER AT ¢612} VERY TqULY YOURS, WALLACE 0. DAHL, DIRECTOR LOCAL GOVERNMENT AIDS AND ANALYSIS DIVISION