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(approximately $100,000 per year), however the same formula has now resulted in the <br />elimination of all LGA for Ramsey and similar developing suburbs. <br />FY 2000 - $359,771 <br />FY 2001 - $396,382 <br />FY 2002 - $303,894 <br />FY 2003 through 2013 - $0 <br />FY 2014 - $91,381 <br />FY 2015 - $110,352 <br />FY 2016 - $111,311 <br />FY 2017 - $0 <br />FY2018-$0 <br />FY2019-$0 <br />FY 2020 - $0 <br />FY 2021- $0 <br />FY 2022 - $0 <br />Background: <br />Support legislation that revises the LGA formula and recognizes the needs of developing <br />suburbs, restoring LGA to developing suburbs for long-term capital needs. <br />• No changes were made to the LGA funding formula in 2022. <br />• The City should consider working with legislators to determine if there is an opportunity <br />to revise the LGA formula in 2023 to provide greater resources to developing suburbs. <br />The state is currently projecting a record budget surplus which could provide a point of <br />discussion. <br />• A couple of LGA bills were introduced in 2021 that may have impacted Ramsey, but <br />failed to become law: <br />- LGA adjusted for unpaid local assistance costs HF 1052/SF 749 (Rep. Jim Nash, R- <br />Waconia, and Sen. Bill Weber, R-Luverne) would have allowed cities that have not been <br />reimbursed by another city for local assistance costs to submit an application for <br />reimbursement through a reduction in the LGA of the recipient city. <br />- LGA minimum distribution HF 1096/SF 1238 (Rep. Jerry Hertaus, R-Greenfield, and Sen. <br />David Osmek, R-Mound) would have provided for a minimum per capita LGA amount for <br />all cities that otherwise would receive no LGA, and increased the LGA appropriation to <br />cover the additional amount. <br />• During the 2022 session, discussions occurred regarding updating the LGA formula. <br />Based on a draft formula, Ramsey would have received funds. <br />State-wide Policy Priority: <br />• Homestead Market Value Exclusion <br />Increase property value amounts under Minn. Stat. § 273.13, subd. 35. Property market values <br />have seen large percentage increases in recent years, thus causing property owners to lose their <br />2020 City of Ramsey Legislative Platform Page 5 of 6 <br />