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cm OP GROK) UBGISlAnVB POLICIES Draft 01/08/90 AdoptedUpdate _ _ _ _ _Draft 01/08/90 AdoptedUpdate _ _ _ _ _LEVS. CP ojJEsmEtrr stmeissue poLicv/oowans STATUS LEAGUE POLICY AW POLICY0 Indicates PriorityIndicates Priority 1991 POLICY nNANCIAL1. Property Tas ^ta mvtag systa90-27 (II-H) Requests review of 1985 law change permitting property owner initiated annexation. Modify to allow only under following criteria. *Denied reasonable use of property*Signifleant barriers to separating from current CGsmunityDiscuss process and criteria to be reviewed.Legislature held special session in October to *fix" the systa. Anticipate at least sane "technical" correction by 1990 Legislature. Maybe nore significant given estimated State short fall.RS-1 (A)*Limit increasing in disparities among taxing jurisdictions *Phase changes^Property tax relief increase at least at Inflation rate ^Address need and taxing capacity *ReIief to C/1, rental, hivalue *Not jeopardize TIF ID/D3 (A) Undertake study - phase-inD-4 (A) restore henestead credit PimyCIAL Qon4. OosparablePay Bgai^y2. Local Qoverimnnt Aids Amend formula so the "needs" funded are not driven by past expenditures State's anticipated shortfall nay reduce available monies to fund program in 1990.Orono had all State Aids removed by 1989 special session in exchange for allowing a higher levy.RS-2 (A)"Continuation of program "Increase in line with inflation "Have LSA take into account decreases in State/Federal revenues I-C (0) Continue Oosnitment to local government increasing funding on fair/equitable basis. Legislature explore creative means to address unique local problems.5. TAX Incraianycities90-33 (A) Major change not needed. Seme ^lecific ixprovements can be made.3. Lavy Limits Eliminate City still subject to Levy Limits which are suppose to be eliminated in 1992 but there is no penalty for exceeding them.RS-3 Eliminate levy limits lA (D) Eliminate levy limits 8. Tax Exespt