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RELEVANT LINKS: <br />Minn. Stat. § 6.90. <br />Budget Process, City of <br />Hopkins. <br />Section VI, Revenues. <br />Section IX.C, Truth -in - <br />Taxation. <br />Minn. Stat. § 477A.014. <br />Minn. Stat. § 275.74, subd. 1. <br />Minn. Stat. § 275.065, subd. <br />1(a). <br />Minn. Stat. § 275.065, subd. <br />6. <br />A city that elected to participate in the standard measures program in 2012 <br />was eligible for local government aid reimbursement of 14 cents per capita, <br />but not to exceed $25,000 for any government entity. <br />A city that elected to participate in the standard measures program in 2013— <br />or any year thereafter—is eligible for local government aid reimbursement <br />of 14 cents per capita, but not to exceed $25,000 for any government entity. <br />Any jurisdiction participating in the comprehensive performance <br />measurement program may be exempt from levy limits, if such limits are in <br />effect. For example, the levy limit exemption provided by participation in <br />local performance measurement and reporting under Minn. Stat. § 6.91 did <br />not apply under the one-year 2013 (payable 2014) levy limit. <br />B. Budget cycle <br />The process of annual budget preparation occurs within the framework of <br />the state property tax system. Property taxes are generally the primary <br />revenue source for Minnesota cities. Each fall, cities submit their property <br />tax levies for the following year to the county auditor. Counties are <br />responsible for property tax administration; the state Department of Revenue <br />provides assistance and oversight. <br />Minnesota cities also participate in a revenue-sharing program known as <br />local government aid (LGA). LGA supplements property tax revenue. <br />Cities must prepare and adopt proposed budgets and proposed property tax <br />levies each year. Cities over 500 in population that propose a property tax <br />increase are required to provide notice of the proposed budget adoption and <br />to allow public input on the proposed budget and property tax levy. The <br />"truth -in -taxation" (TNT) process is described later in this chapter. <br />Cities generally prepare budgets in the summer with the following due dates, <br />although particular dates may vary by year if a due date falls on a holiday or <br />a weekend: <br />On or before Aug. 1: The Department of Revenue notifies cities of state <br />aid amounts. <br />On or before Sept. 1: The Department of Revenue notifies cities of the <br />applicable levy limit, if any. <br />On or before Sept. 30: Note the law change in 2014, extending the <br />deadline to Sept. 30 instead of the previous date, Sept. 15. However, <br />special taxing districts, like housing and redevelopment authorities <br />(HRAs), must still certify their preliminary levy by Sept. 15. Cities must <br />adopt their proposed budget and certify their proposed levy to the county <br />auditor. <br />League of Minnesota Cities Handbook for Minnesota Cities 10/15/2015 <br />Municipal Budgeting Chapter 21 1 Page 7 <br />