Agenda - Council - 10/28/1980 - Laserfiche WebLink

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than 20 mills, the minimum aid for the city or town is its 1979 aid plus $5 per capita. The maximum aid for a levy limit city or town depends upon nlitso1979 Local Government Aid per capita (using its 1979 Local Government Aid population). is more than $100, the maximum increase over the 1979 levy is 12%. If it is more than '$75 per capita but less than or equal to $100 per capita, the maximum increase is 15%. If it is more than $50 per capita but less than or equal to $75 per capita, the maximum increase is 17%. If it is less than or equal to $50 per . capita, the maximum increase is 20%. After making any necessary adjustments to the final state aid factor to comply with the initial minimum and maximum aid provisions, a "final state aid factor increase" is determined by subracting the 1979 aid amount from the final state aid factor. The final state aid factor increase of each city or town divided by the sum of all state aid factor increases equals its Local Government Aid ratio. The Local Government Aid ratio multiplied times the total aid increase available to the levy limit cities and towns ($64 X 1970 population of state, minus the 1979 amount of county government aid, minus the aid distribution to the cities and towns exempt from the 6% levy limitation and minus the 1979 amount of aid to the levy limit cities and towns) equals the city or town's Local Government Aid increase for 1980. No city or town receives less than the amount that it received in 1979. If its aid increase is in excess of it maximum percentage increase (as previously determined), its aid is reduced to its maximum and the excess is redistributed proportionally to the other levy limit cities and towns. The 1981 Local Government Aid for the levy limit cities and towns are computed in a manner similar to the 1980 aids. The initial minimum aid increases change to $1, $4 and $6 per capita and the average equalized mill rate and population data are updated. Also, the city of Minneapolis is brought under the formula. In addition, the "local revenue base of the city or town is adjusted by: 1) Multiplying it times the percentage increase in the Minneapolis /St. Paul consumer price index from June, 1979 to June 1980. 2) Multiplying the inflation- adjusted local revenue base times the percentage increase- in- the'city or town's current population over the preceding year. • 3) Adding the amount of 1979 /1980 bonded indebtedness - special levies for capital replacement of streets, curbs, gutters, storm sewers and bridges. 4) Adding the amount of the 1979/1980 levy limit base adjustment for the increase in levy in 1979/1980 for refuse collection and street maintenance over the amount levied for those purposes in 1978/1979. 5) Adding the amount of the 1979/1980 levy limit base adjustment to increase the city or town's levy limit base per capita to 85% of the county average.