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03-14-1988 - Agenda Packet City Council - regular meeting
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03-14-1988 - Agenda Packet City Council - regular meeting
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Last modified
2/12/2026 10:57:02 AM
Creation date
8/18/2025 12:54:56 PM
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Administration
Admin Doc Type
Agenda Packet City Council
Section
City Council
Subject
regular meeting
Document Date
3/14/1988
Retention Effective Date
8/18/2025
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Public
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• Between 1978 and 1986, city property and other local revenue rose 22 <br />percent in inflation -adjusted dollars. Less federal and state assistance, <br />not rising city spending, has required Minnesota cities to rely more <br />heavily on property and other local taxes. <br />• Cities' heavy dependence on local taxes gives them every incentive to <br />be responsible in their spending patterns. While Minnesota cities must <br />raise 63 percent of their revenue locally, counties raise only 46 percent <br />of their revenues locally and school districts raise 44 percent locally. <br />• As cities have been forced to use their tax bases more heavily, those <br />bases have either been declining or growing at a dramatically reduced <br />rate. Between Payable 1986 and Payable 1987, taxable values dropped <br />in one out of every four Minnesota cities. Over the 1983-1987 period, <br />cities gained taxable wealth an average 3.7 percent per year, less than <br />one-third the 12.8 percent annual rate of growth for the 1979-1983 <br />period. <br />aAIT I• <br />110" IN REVINOE A IPERRIM DI MINNESOTA CITIES <br />1TTS- USS <br />MERAL AID <br />STATE AID <br />PER CAPITA <br />In 'Ifni c <br />n 11OPIRTr <br />OTMI1 LMAI. <br />IrvINrI- <br />--T--�-+-ram- <br />3a Aa -M -Ta .la a ]a TD Ta AD so <br />ruCINT OYNCI IN EQHUN' roLI.A11 <br />............. __.................................. ........... ......... <br />• III IAELI I TO AnINDIN TUN DATA. <br />•• Cm "Of"" TASES Art G nss TAIu LMED Rnu+ CREDITS; MIR LOCAL <br />KYINCI IN III 1111'IAL AI•l9AIINTN. /IANfR11I TUES. TIM AND <br />IMTIITS. LICEVIII AM PINMTTS. INTE ST WXTN,%. AND tI11DURIf1 <br />M1 TISUITINI. <br />NAYrr� M NTATI ALTTTM M TIMML A ITATR ATD. CITY S I 1W. <br />Iop:ATLM A TMRSI 111 NIYIIR'T PIIT. I MIaTTN; I.I. NR. DI <br />tt lf1 IM TTAtt YI IMNI 1w, I,!T I'TC1 ""TM. <br />4- <br />
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