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Assessed Va1ue
<br />Real estate
<br />Personal Property
<br />Tota1
<br />Area-wide Poo1
<br />1983
<br />$333,861,639
<br />5,464,122
<br />$339,325,761
<br />��a
<br />$309,608,147
<br />5,212,827
<br />$314,820,974
<br />Contributed to pool $(31,120,700) $(26,242,787)
<br />Distributed from pool 12,683,197 8,847,105
<br />NeC (loss) $(18,437,503) $(ll,395,682)
<br />Net assessed value $320,888,258 S297,425,292
<br />Roseville's 1983 mi11 rate would have been 5.3% less without fiscal disparities.
<br />Limitations
<br />The Minnesota Levy Limitations Law was implemented in 1972, and restricts property
<br />tax increases each year. Since enactment, various amendments to the law have
<br />passed, but the basic principles still apply. The City is operating within the
<br />authorized levy limitations as shown in the following table:�
<br />Payable 1983 Payable 1982
<br />Total levy $3,647,534 $3,460,645
<br />Less special levies
<br />Bond indebtness
<br />New industrial commercial
<br />development
<br />Levy subject to limitation �
<br />Levy limitation
<br />ocal Government Aid
<br />839,450
<br />140,506
<br />$2,667,578
<br />j2,675,881
<br />830,050
<br />184,723
<br />$2,445,872
<br />$2,452,199
<br />The 1981 aid was reduced 7 J%, or $82,254 by the Governor. The State Legislature
<br />passed laws cutting the 1982 aid by 13.50%, or $127,698. The following summary
<br />shows actual local government aid as a percentage of budgeted general fund revenues:
<br />Budgeted General ��
<br />Fund Revenues Loca1 Government Aid %
<br />1983
<br />1982
<br />1981
<br />1980
<br />$4,082,045
<br />3,858,439
<br />3,550,468
<br />3,256,698
<br />- 4-
<br />$945,440
<br />817,712
<br />872,746
<br />915.732
<br />23.2
<br />21.2
<br />24.6
<br />28.1
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