Laserfiche WebLink
ExecutiveSummary:StudyoftheMetropolitanAreaFiscalDisparitiesProgram <br />FortheMinnesotaDepartmentofRevenue <br />respectivecategories.Inthiscase,a$30milliondecreaseintaxesoutofalargerbaseresultsinasmaller <br />percentage(decrease)thana$5.6millionincreaseintaxesoutofasmallerbase. <br />Figure18.TotalTaxesPaidwithandwithouttheFiscalDisparitiesProgrambyRegionalDevelopment <br />Classification:2011 <br />TOTALTOTAL <br />TaxesPayable2011(in$1,000s)Increase/Decrease <br />RegionalClassificationCurrentTaxesTaxeswithFDEliminatedWithoutFD <br />CentralCities$1,163,640$1,193,4602.6% <br />DevelopedArea$2,203,657$2,173,406 1.4% <br />DevelopingArea$1,479,840$1,469,0140.7% <br />RuralAreas$181,927$186,6112.6% <br />RuralGrowthCenters$53,680$59,308 10.5% <br />ExcludedfromFD$18,870$18,7420.7% <br />GrandTotal$5,101,614$5,100,5410.0% <br />Source:MNDept.ofRevenue. <br />ImplicationstotaxratesiftheFiscalDisparitiesProgramwereeliminatedareevaluatedandgroupedby <br />regionaldevelopmentclassifications.AllratesareforTaxesPayable2011.Theratesshownunderthe <br />{bšC5|scenarioassumesthesameamountoflocallevyasunderthe{/Ò©©;“·[Þ|scenario.Also <br />shownforcomparisonpurposesisthe2011FiscalDisparitiesareawiderate,thetaxrateappliedtothe <br />pooledcommercial/industrialpropertytaxcapacity. <br />20 <br /> <br />