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• <br />• <br />4) Finance (General, State Local Aid, Levy Limits) - Questions came up <br />at the October 20, 1980 special Council meeting in regards to the follow- <br />ing: <br />5) Multi City Commission - The following is hereby submitted on these <br />Commissions that has City representation: <br />a) Cable TV Commission - You will be receiving the minutes of <br />their meeting and any correspondence that is generated by the <br />Commission. A report will be made on the survey that was com- <br />pleted for the Cable TV. <br />b) Tri -City Fire Commission - This Commission has been recessed <br />all summer. It will have its first meeting October 29, 1980. <br />LGS:sb <br />a) State Local Aid - Question was what will the City receive <br />in 1981 State Local Aid. We are supposed to receive $159,744 <br />but due to the shortfall in revenue we will receive this amount <br />in 1981 - $147,461. This was calculated as shown in your agenda <br />as shown in enclosure (D1 -a) You did receive this formula in <br />your agenda dated July 23, 1980 and August 26, 1980. <br />b) State Local Aid for 1982 - This will be calculated as <br />shown in enclosure (D1 -a). You did receive this in your <br />agenda dated July 23, 1979. The calculation for arriving at <br />your State Local Aid for 1982 budget will be based on taxes <br />levied for your 1981 budget. <br />c) Levy Limit - The tax levy that you make in 1980 for your <br />1981 budget will establish your levy limit base. However, it <br />is true that the levy limit base will increase 8% each year <br />but the State of Minnesota Department of Revenue will set that <br />base for each year. <br />