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Budget Resolution Introduced Page 2 of 2 <br />programs within the category could be larger or smaller, or the adjustments could be deeper in the <br />second year of the biennium. <br />Even if the Legislature adjusted expenditures per the allocation in the table above, the allocation of <br />adjustments to individual cities could be different than the 2010 -2011 cuts. Nonetheless, additional cuts <br />of this relative magnitude would be deep. The local government aid (LGA) appropriation would be <br />reduced by roughly $73 million per year, and the market value homestead credit (MVHC) <br />reimbursement to cities, counties, and townships would be reduced by roughly $65 million per year. <br />If the Legislature follows past practice, a budget resolution will not be adopted until after the February <br />state budget forecast is released. That forecast will present the final projections of revenues and <br />expenditures upon which the Legislature will craft its 2012 -2013 biennial budget. <br />Read the current issue of the Cities Bulletin (Link to: http: /www.lmc.org /page /1 /cities bulletin- newsletterjsp) <br />Your LMC Resource <br />Contact Gary Carlson <br />IGR Director <br />(651) 281 -1255 or (800) 925 -1122 <br />gcarlson @lmc.org (Link to: mailto:gcarlson @lmc.org) <br />Copyright 02011 League of Minnesota Cities, 145 University Ave. W, Saint Paul, MN 55103 -20441 Phone: (651) 281 -12001 Toll -Free: (800) 925 -1122 <br />http://wvvw.lmc.org/page/l/budgetres-hr2.jsp 1/12/2011 <br />