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Assessed Value
<br />Real Estate
<br />Personal Propert_y
<br />Area Wide Pool
<br />Contributed to pool
<br />Distributed from pool
<br />Net {loss)
<br />Net assessed value
<br />1989'x
<br />� 53,i11,0U9
<br />779 745
<br />S 53,890,754
<br />$( 7,029,003)
<br />3,015,644
<br />S( 4,013,359)
<br />$ 46,196,706
<br />::
<br />�364,�22,149
<br />6.253,834
<br />5370,275,983
<br />$(41,253,858)
<br />I9,284,144
<br />S(21,969.714)
<br />S338,306,518
<br />*Assessed value was replaced by State Statute with tax capacity
<br />(TC).
<br />Roseville's 1989 tax capacity rate would have been 8.7% less without
<br />fiscal disparities.
<br />Levy 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 />Subject to levy
<br />limitations
<br />Levy limitation
<br />Local Government Aid
<br />Pavable in 1989
<br />$5,154,451
<br />1,735,154
<br />S3,419,257
<br />53,419,797
<br />Pavable in 1988
<br />$5,OOD,000
<br />1,494,476
<br />53,505,524
<br />53,838,843
<br />The £ollowing 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 distributinq the
<br />aids.
<br />Budgeted General
<br />Fund Revenues
<br />$5,304,582
<br />4,887,392
<br />4,844,345
<br />4,774,970
<br />10
<br />Local
<br />Government Aid
<br />$1,374,861
<br />848,496
<br />848,507
<br />803,071
<br />%
<br />25.9
<br />17.4
<br />17.5
<br />16.8
<br />
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