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1991 Changes to Minnesota's Property Tax System September 1991 <br /> Property Tax Aids and Aid Reductions Page 3 <br /> Table 1 <br /> Provisions for 1991 and 1992 Aid Reductions <br /> Aid Payment(s) affected by Aid Reduction <br /> July, 1991 December, 1991 1992 (equally divided <br /> between July c <br /> December payuents) <br /> Amount of Reduction $50 million S35 million $86 million 2 <br /> Affected Local -- Counties -- Counties -- Counties <br /> Governments 4 -- Cities -- Cities -- Cities <br /> -- Towns —Towns -- Special Districts, <br /> -- Special Districts -- Special Districts, except hospital <br /> except hospital districts <br /> districts <br /> Revenue Base Used for 1991 certified levy plus 1991 certified levy less 1991 certified levy less <br /> Reduction 1991 LGA and 1991 1991 social service levy 1991 social ser4ice levy <br /> taconite aid plus 1991 LGA and 1991 plus 1991 LGA! and <br /> taconite aid 1991 taconite aid <br /> Percent of Revenue 2.01% 1.60% 4.03% 3 <br /> Base Used for <br /> Reduction <br /> Aid Reduction by Type Counties -- $24.4 Counties -- $14.7 Counties $37.1 2 <br /> of Local Government Cities — $21.0 Cities -- $16.7 Cities $43.2 2 <br /> (in millions) Towns $ 1.7 Towns -- S 1.4 Special District-- $ 5.9 <br /> Special District -- $ 29 Special District -- $ 23 <br /> Duration of Reduction One-time reduction . One-time reduction Permanent reduction in <br /> aid base <br /> House Research]Department <br /> 2 The 1989 special session tax bill included a provision to reduce 1992 aids by about $51 million. This priovision was <br /> repealed in the 1991 tax bill and replaced with an aid cut of$86 million. <br /> 3 Based on House Research estimates as of July 1991. <br /> 60 'd T:trT OOOZ OZ daS 60Z0-96Z—TS9:Xp3 X1:11 AL 3d0& <br />