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£octy percent of all new commercial and industrial property <br />valuations in the seven county metropolitan area. In turn, <br />valuations from this pool are to be cedistributed to taxing <br />jurisdictions according to specific criteria. Although it is <br />difficult to determine the future impact of the Fiscal Disparity <br />Law on the City, the law had the effect of reducing taxable <br />valuatiott as follows: <br />Assessed Value <br />Real Estate <br />Personal Property <br />Area Wide Pool <br />Contributed to pool <br />Distributed from pool <br />Net (loss) <br />1986 <br />5358,833,932 <br />5,948,964 <br />�364,782,896 <br />1986 <br />S(43,685,296) <br />17.697,644 <br />5(25,987.652) <br />1985 <br />$362,409,841 <br />5.893,666 <br />5368.303,507 <br />1985 <br />5(47,737,618) <br />18,265.087 <br />5(29,472,531) <br />Net assessed value 5338,795.244 5338,830,976 <br />Roseville's 1986 mill rate wouid have been 7.70 less without <br />fiscal disparities. <br />Levv Limitations <br />The Minnesota Levy Limitations Law was implemented in 1972 and <br />restricts property tax increases each year. Since enactment, <br />various amendments to the law have passed, but the basic <br />principles still apply. The City is operating within the <br />authorized levy limitations as shown in the following table. <br />Total Levy <br />Less special levies <br />Bond indebtedness <br />New industrial <br />commercial development <br />Tax Increment <br />Subject to levy <br />limitations <br />Levy limitation <br />Local Government Aid <br />Pavable in 1986 <br />54,773,082 <br />1,069,200 <br />56,762 <br />185.167 <br />53,461,953 <br />53,721,270 <br />Payable in 1985 <br />54,440,935 <br />1,078,500 <br />130,234 <br />S3.232,201 <br />53,526,314 <br />The following summary shows actual local government aid as a <br />percentage of budgeted general fund revenues and how the yearly <br />amounts vary due to changes in the formulas distributing the <br />aids. <br />� <br />