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League of Minnesota Cities <br />Hove to estimate your 2009 lever limit <br />Page 2 <br />Special Levies <br />There are several special levies allowed beyond this levy limit. Below is a list of the most <br />frequently used "special levies." Amounts for 2003 are subtracted in step 2 above. 2009 amounts <br />are permissible above the 2009 levy limit. There are a total of 22 defined special levies. For a <br />complete list, see MS 275.70-,---subd 5. <br />0 Levies for bonds and most certificates of indebtedness. <br />0 Voter approved levies. <br />0 Levies to pay for federal or state matching requirements. <br />0 Levies for natural disaster recovery. <br />0 Levies for property tax abatements. <br />a Levies for increases in PERA employer contributions. <br />a Levies to repay a federal or state loan for a transportation or capital project. <br />0 Levy increases to fund police and firefighter relief associations. <br />0 Levies related to foreclosure costs <br />Levies. for iincreased police and firefighter gage and benefit costs. <br />Example of how to estimate the levy limit <br />Information needed for calculation :: <br />2008 net tax capacitor levy = $1 25,000 <br />2003 `ispecial levy" $11830 <br />2003 LA= $3,000 <br />2003 taconite aid= 0 <br />v/ 2003 wind energy production tax= $o <br />Percent change in number of households over last year = % <br />Percent change in C1 market value as a result of new construction = 0% <br />2009 LA= $3,250 <br />2009 taconite aid= $o <br />2009 wind energy production tax= $0 <br />calculation <br />Step 1: $1251000 <br />Step 2: $125,000 - $1,830 = $1 23,170 <br />Step 3-.$123,170 + $3,000 +0 +0 = $126,170 (levy aid base) <br />Step 4: $126,170 x 1.039 - $131,091 <br />Step 5: $131 ,091 x (1 +haif of 2 %) = $131,091 x 1.01 = $132,402 <br />Step : $132:402 x (1+0) = $132,402 x 1 = $132,402 (adjusted levy limit base) <br />Step 7: $132:402 — $3,250 — 0 — o = $129,152 (2009 levy limit) <br />For more information about lever limits, contact the following League of Minnesota cities staff: <br />Gary Carlson Jennifer O'Rourke Rachel Walker <br />Director of intergovernmental Relations Intergovernmental Relations Policy Analysis Manager <br />(051) 281 -1255 or (800) 925 -1122 Representative (651) 281 -1280 or (800) 925 -1122 <br />gea.rlsor7 i c.orq (651) 281 -1261 or (800) 025 -1122 rwalker lmc.org <br />icrourke Irnc.or <br />