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-2- <br /> <br />.The state's budget situation is further complicated by the fact that-there <br />will be a shortage of funds on hand in the state's general fund on November <br />15. <br /> <br />As a result, the local government aid payment you were scheduled to receive <br />on November 15 will have to be delayed until December 31, 1980. On December <br />31 you will receive the full amount of the local government aid payment which <br />you have been anticipating receiving on November 15. <br /> <br />Further, the homestead credit payment you were scheduled to receive on November <br />15 will be made to you in full, but in two installments. On November 15 you <br />will only receive 52.9 percent of the amount you have anticipated receiving. <br />The remaining amount -- 47.1 percent -- will be turned over to you on Decembe~ <br />15, 1980. <br /> <br />Because your local government aid has now been reduced, you are faced with <br />a difficult choice. Your local unit of government can either take steps to <br />reduce its operating costs for 1981, or you can pass along the effects of <br />the reduction in your 1981 local government aids to the property owners of- <br />your community by raising their property taxes. I realize this is an unfor- <br />tunate choice to have to make. The property owners of your community may <br />wish to have an opportunity to give their views on this difficult question. <br /> <br />If you have any questions on the reduction in the amount of your local <br />government aid formula payment for 1981, or on the delay in some of your <br />November 15, 1980 payments, please feel completely free to contact Wallace <br />Dahl, Director, Local Government Aids and Analysis Division, Department <br />of Revenue, at (612) 296-2246. <br /> <br />Best regards, <br /> <br /> ALLEN, JR. <br />Commissioner of Revenue <br /> <br />CEA:DJE:fs <br /> <br /> <br />