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Area wide Pool
<br />Contributed to pool
<br />Distributed from pool
<br />Net {loss)
<br />Net assessed value
<br />1985
<br />$(47,737,618)
<br />18,265,087
<br />1984
<br />$(34,756,584)
<br />15,252,577
<br />$(29,472,531) $(19,504,007)
<br />38,830,976 $340,103,982
<br />Roseville's 1985 mill rate would have been 8.2% less without fiscal disparities.
<br />Levy 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 tabie:
<br />Total Levy
<br />Less special levies
<br />Bond indebtedness
<br />New industrial
<br />commercial development
<br />Subject to levy
<br />limitations
<br />Levy limitation
<br />Local Government Aid
<br />Payable in 1985
<br />$4,440,935
<br />1,078,500
<br />130,234
<br />$3,232,201
<br />$3,526,314
<br />Payable in 1984
<br />$4,248,975
<br />1,022,500
<br />152,959
<br />$3,073,516
<br />$3,283,512
<br />The following summary shows actual 1oca1 government aid as a percentage of
<br />budgeted general fund revenues and how the yearly amounts vary due to changes in
<br />the formulas distributing the aids.
<br />1985
<br />1984
<br />1983
<br />1982
<br />1981
<br />1980
<br />Debt Administration
<br />Budgeted General
<br />Fund Revenues
<br />$4,557,868
<br />$4,294,589
<br />4,082,045
<br />3,858,439
<br />3,550,468
<br />3,256,698
<br />Local
<br />Government Aid
<br />$717,475
<br />$676,863
<br />945,440
<br />817,712
<br />872,746
<br />915,732
<br />%
<br />15.7
<br />15.8
<br />23.2
<br />21.2
<br />24.6
<br />28.1
<br />Net bonded debt per capita, and the percentage of net debt to assessed value and
<br />to market value are useful indicators of the City's debt position. Debt
<br />statistics for the City as of December 31, 1985, as shown in Table 9, are as
<br />follows:
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