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HomeMy WebLinkAboutMN Dept of Revenue LGA NoticeMINNESOTA• REVENUE 2010 LOCAL GOVERNMENT AID NOTICE July 31, 2009 RECEIVED AUG 0 3 2009 ST JOSEPH CITY OF JUDY WEYRENS " , .~..: ~~rH CLERK PO BOX 668 ST JOSEPH, MN 56374 THE 2010 CERTIFIED LGA FOR YOUR CITY IS: $ 849,518 The following is a listing of the factors used in the calculation of your city's 2010 city LGA. For an explanation of the factors used in the formula and example calculations, please go to the Department of Revenue website at www.taxes.state.mn.us (click on Property Tax Administrators then State Aids and Credits). If you have any other questions regarding this certification, you may contact Larry Bewley at la~.bewlev state.mn.us or at (651) 556-6096. l~ortant This certified amount does not include the impact ofproposed unallotments. Please see enclosed fetter. 1. PRE-1940 HOUSING UNITS: 127 2. TOTAL HOUSING UNITS: 1,127 3. PRE-1940 HOUSING PERCENTAGE: 11.27 4. 1997 POPULATION: 4,475 5. 2007 POPULATION: 6,066 6. POPULATION DECLINE PERCENTAGE: 0.00 7. 2007 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: $ NA 8. 2007 TOTAL REAL AND PERSONAL MARKET VALUE: $ NA 9. COMMERCIAL/INDUSTRIAL PERCENTAGE: NA 10. TRANSFORMED POPULATION: NA 11. VEHICLE ACCIDENTS: 38 12. ROAD ACCIDENTS FACTOR: .0063 13. METROPOLITAN AREA FACTOR: .0 14. HOUSEHOLD SIZE: 2.535 15. SPENDING NEED CONSTANT: 355.0547 16. CITY REVENUE NEED: $ 372.57 17. PAYABLE 2008 CITY NET LEVY: $ 1,746,762 18. PAYABLE 2008 CITY NET TAX CAPACITY: $ 4,004,151 19. TAX EFFGR T RATE: .337329 20. NEED INCREASE PERCENTAGE: .858929 21. SMALL CITIES AID BASE (CITIES UNDER 5,000): $ 0 22. CITY JOBS AID BASE (CITIES 5,000 AND OVER) $ 46,987 23. UNMET NEED: $ 802,531 24. CITY FORMULA AID ((21 or 22) + 23): $ 849,518 25. CITY BASE AID: $ 0 26. TOTAL PRELIMINARY AID (24+25): ~ $ 849,518 27. TOTAL CERTIFIED 2009 CITY LGA: $ 865,754 28. MINIMUM/MAXIMUM ADJUSTMENT: $ 0 29. TOTAL CERTIFIED 2010 CITY LGA (26+28): $ 849,518 Important: This certified amount does not include the impact ofproposed unallotments. Please see enclosed letter. Property Tax Division ~'et: 651-556-6096 Mail Station 3345 Fnr: 651-556-3128 St. Paul, MN 55146-3345 ~~'r: Call 71 1 for Minnesota Relay An equal opportunity employer MINNESOTA• REVENUE July 31, 2009 ST JOSEPH CITY OF JUDY WEYRENS CLERK PO BOX 668 ST JOSEPH, MN 56374 RE: Certification of Local Government Aid Payable in 2010 Attached is the certification of Local Government Aid (LGA) for your city, with the computational factors used in making the aid calculations. PLEASE NOTE: This certified aid amount does not reflect the expected unallotment of 2010 LGA announced by the Governor in June and posted on the Department of Revenue's website (www.taxes.state.mn.us}. This letter is meant to assist you in understanding the amount of aid you can expect after the unallotment is executed (which is expected to occur in January 2010). Below is the amount of your certified LGA from the attached certification, the proposed total unallotment for your city, and the net amount of LGA that you can expect to receive. If the unallotment amount is larger than the certified LGA, the leftover unallotment amount will carryover to reduce market value homestead credit (MVHC) reimbursements (which are not known until tax statements are produced in the Spring of 2010). 2010 Certified LGA $ 849,518 Proposed Total Unallotment $ 204,367 Net LGA After Proposed Unallotment $ 645,151 The unallotment amount shown here is an accurate representation of the planned 2010 unallotment as of this date, and the net LGA after unallotment represents a more appropriate planning number as you address budgets. Notice of final unallotments will be sent after they are executed, which is expected to occur in January. Sincerely, Jason Nord State Program Administrator Director Property Tax Division Tel. 65]-556-6096 .Mail Station 3345 F'~: 651-556-3128 St. Paul, MN 55146-3345 rtr: Call 711 for Minnesota Relay An equal opportunity employer