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Attachment A ro� LEAGUE o� CONNECTING &INNOVATING MINNESOTA SINCE 1913 CITIES Revised 5126/08 How to estimate your 2449 levy limit 2009 levy limits will only be in effect for cities over 2,500 population. • The language on levy limits is contained in the final tai bill of the 2008 session, H F 3149. • The Dept. of Revenue will be certifying levy limits by Sept. 1, 2008. The Dept. will need to collect information from cities in order to make the calculations the League will provide details about this process as soon as we learn more. Step 1: Start with your city's 2008 certified net tax capacity levy (do not include any market value levies) Step 2: Subtract your 2008 special levies. While levy limits were not in place for 2008, you will need to determine what portion of your 2008 levy was a special levy as defined in H F 3149.. See information on special levies on page 2 of this document. Step 3: Add your 2008 certified local government aid (L A) amount (if applicable), your 008 taconite aid amount (if applicable), and your 2008 grind energy production tax (If applicable). The result is your levy aid base. Step 4: Multiply your levy aid base by 1 .039 Step 5: Multiply the result of Step 4 by 1 one-half of the percentage increase in the number of households in your city over the last year. Step 6 -: Multiply the result of Step 5 by 1 plus one -half of the percentage increase in taxable market value as a result of new construction of commercial- and industrial property. The result is your adjusted levy limit base. Step 7: From your adjusted levy limit base, subtract your 2009 certified L A (if applicable), your 2009 taconite aid (if applicable), your 2009 wind energy production tax (if applicable), and your new 2009 utility valuation transition aid (if applicable). The result is your 2009 leery limit. 145 UN IVE R5ITY AVE. VEST ptiot4E: (651) 281 -1200 rAx. (651) 281- 1299 5T. PAUL, MN 55103 -2044 TOLL ME: ($00) 925 -1122 ES: WW LMC.0F�G