Laserfiche WebLink
1991 Changes to Minnesota's Property Tax System September 1991 <br /> Property Tax Aids and Aid Reductions ! Page 4 <br /> ,Aid reduekioas for loc-01 gceverr rnents are subtracted from tho aid programs in the following <br /> order: <br /> (1) LGA <br /> (2) Equalization aid <br /> (3) 1IACA <br /> (4) Disparity reduction aid <br /> Major Property Tax Aids by Program <br /> Table 2 provides a fiscal summary of the state's major property tax relief programs fopr the <br /> period 1990 through 1992. Two columns exist for aids paid in 1991. The "Certified 1991" <br /> column shows the amounts the local governments were certified to receive at the time they set <br /> their budgets and certified their levies. The "Final Amount 1991" column shows the actual aids <br /> received after 1991 aid cuts. (For completeness, amounts paid to school districts under these <br /> programs are included, but it should be noted that this is only a small part of state aids to school <br /> districts. See footnote 1.) <br /> Property Tax Aids in 1993 and Future Years <br /> The 1991 tax bill)established the local government trust fund. All the aids discussed afbove plus <br /> some additional aids are to be paid from this fund in 1991 and future years. The governor <br /> vetoed the provisions of this bill that authorized payments from this fund in 1993 and future <br /> years for all aid programs except LOA. As a,result, it is difficult to say what will happen to <br /> property tax relief programs after 1992. The future of these aid programs will be determined <br /> during the 1992 legislative session. <br /> 0T 'd ZT:bT 000Z OZ daS 60Z0-96Z-TS9:X2 j XH1 A1A3d02Jd <br />