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C 2003 Preliminary Tax LevyCIT¥0F CHANIIAS E PO c-. 14,7 u:.,, hdrninislralion ?~ ::~: g~2 ,':,'27 1100 F~, 752227.ili0 Building Inspections -. ~..-_: ~:v Engineering Finance ._ '-i Fark & Recrealion "- ?5' ~Z' ';:. ?_, .:.-- ~ - Planning & l'.,'atural Resources _ ._ Public Works f]- :.:,.: .z:a:: ~, ~,~-..,,~ i.;i,' Senior Center Y :2:' ....'' : :'...:(~. :_~ ":: MEMORANDUM TO: FROM: DATE: SUB J: Mayor City Council Bruce M. DeJong, Finance Director.' ~,]~/,:~.~) D~'X/ August 21, 2002 2003 Preliminary Tax Levy The City of Chanhassen faces significant stress with its levy this year. The revenue sources that xve have relied on during the past several years are either increasing at a slower rate or have stopped growing all together. This leave a greater reliance on the property tax to finance city services. General Fund Our general fund expenditure requests increased by 10%. Those increases are driven by a large increase in street maintenance costs and adding two additional employees. These increases comprise approximately 48% of the $813,000 increase in expenditures. The remainder of the costs are driven by increased cost of contracting with outside agencies, supplies and general salary increases. We have seen revenues that have dropped in many ways. Our state aid has been dropping for the last several years, but we finally received an increase for 2003 - one dollar. I am not sure if it is rounding error or an actual increase in the formula! Anyway, the state is also thinking that our building permit revenues are too high since they legislature passed a law requiring us to match expenditures against those fees. In discussions with the community development director, there is some concern that we may not be able to maintain the same amount of permit revenue in 2003 if the economic conditions remain stagnant. There will probably not be any surpluses in that area in the next year - in fact we probably stand a greater chance of not meeting projected revenues than we do of exceeding them. City staff is recommending that any fund balance in excess of the policy amount be used for one-time transfers to deal with our debt service issues rather than reducing the tax levy. We believe there is substantial benefit to moderating any year to year tax levy increases in both the general fund and our debt service funds. We should begin that process with this budget and any new debt issues going forward. Debt Service Funds We set debt service levies based on a study by Ehlers, the city's financial advisors. Our debt obligations are updated annually to determine how much tax levy is necessary to fund our annual payments and bring each debt fund to a zero balance at the end of its life. For 2003 the ~ncrease is a modest 2.75% or $63,716. We have asked Ehters to update that study based on the financial information as reported in our 2002 Almual Financial Report. The study has not changed dramatically. I have updated the debt levies for the library bonds sold earlier this year. CITY OF CHANHASSEN 2003 BUDGET Expenditures GENERAL GOVERNMENT 1110 Legislative 1120 Administration 1130 Finance 1140 Legal 1150 Assessing 1160 MIS 1170 City Hall 1180 Elections 1190 Library Building TOTAL Personal Materials & Contractual Capital Services Supplies Services Outlay 34,20O 326,200 186,700 - - 137,900 58,600 LAW ENFORCEMENT 1210 Law Enforcement 1220 Fire 1260 CSO TOTAL 27O 5O0 1,200 26,610 46,200 - - PUBLIC WORKS 1310 Engineering 1320 Street Maintenance 1350 Street Lighting 1370 Vehicle Maintenance TOTAL 119,900 61,200 63,350 110,000 50,100 125,550 275,100 34,000 COMMUNITY DEVELOPMENT 1410 Planning Commission 1420 Planning Administration 1430 Senior Commission 1250 Building Inspection * TOTAL 2002 Total Total % Incr - 154,370 172,470 -10.5% 1,000 388,900 406,000 -4.2% 2,500 253,750 262,100 -3.2% 110,000 100,000 10.0% 50,100 70,100 -28.5% 87,220 377,280 329,230 14.6% 500 380,400 293,200 29.7% - 36,950 -100.0% - 34,O0O - PARKS & RECREATION 1510 Park & Rec. Commission 1520 Park Administration 1530 Recreation Center 1540 Lake Ann 1550 Park Maintenance 1560 Senior Center 1600 Recreation Programs 1700 Self-Supporting Programs TOTAL 743,600 74,780 839,200 91,220 62,800 475,100 38,40O - 1,072,000 49,700 120,400 4,700 17,900 54,400 1,210,300 576,300 455,300 1,800 541,060 250 592,000 212,800 39,270 2,000 - 1,500 259,800 234,300 78,200 55,500 6,500 1,281,600 294,300 895,630 8,750 100 3,600 295,200 700 24,925 17,180 220 1,050 753,100 12,200 30,600 1,065,480 13,220 60,175 95 700 198 500 11 400 5778O0 37.200 149 480 32 02O 1,102 100 125 1 000 14 850 17 040 113 850 4 55O 15 750 13 885 181 050 617,750 2,100 21 000 4O 5OO 41 000 149.550 11 275 77 275 77 25O 419 950 3,425,255 13,000 13,000 112,970 ** TOTAL GENERAL FUND 4,769,080 1,748,800 1,670,050 4.7% 1,134,800 1,010,800 12.3% 645,200 592,390 8.9% 61,000 50,500 20.8% 1,841,000 1,653,690 11.3% 998,410 702,950 42.0% 846,070 779,170 8.6% 261,300 259,100 0.8% 374,500 371,510 0.8% 2,480,280 2,112,730 17.4% 3,700 3,200 15.6% 320,825 319,314 0.5% 18,450 18,100 1.9% 795,900 710,200 12.1% 1,138,875 1,050,814 8.4% 2,225 3,625 -38.6% 117,700 121,900 -3.4% 253,850 248,450 2.2% 69,440 57,690 20.4% 854,200 817,750 4.5% 53,025 44,035 20.4% 242,505 242,170 0.1% 123,155 88,820 38.7% 1,716,100 1,624,440 5.6% 8,925,055 8,t1-1,724 10.0% MINNESOTA-REVENUE Payable 2003 Overall Levy Limitation Notice August 16, 2002 CHANHASSEN CITY OF CITY ADMINISTRATOR CITY HALL 7700 MARKET BLVD BOX 147 CHANHASSEN, MN 553170147 RECEIVED AUG i 9 2002 CITY OF CHANHASSEN The payable 2003 overall lex'3' li~nitation for your city is: $ 7,104,253 The following is a listing of the factors used in determining your city's payable 2003 overall levy limitation. See the enclosed letter for an explanation of these factors and for additional information concerning your city's overall levy limitation. 1. Adjusted Levy Limit Base for Payable 2002' 2. City Share of Payable 2001 Tree Growth Tax Receipts: 3. City share of Payable 2001 Malmfactured Home HACA' 4. Beginning Levy Limit Base for Payable 2003 (1 + 2 + 3)' 5. hnplicit Price Deflator Adjustment (March 2002/March 2001): 6. Household Growth Adjustment a. 2000 Households: b. 2001 Households' c. Ratio of 2000 to 2001 Households (b/a, but not less than 1.000): 7. Adjustment for Pay' 2002 Market Value of New C/I Construction a. Payable 2001 Total Taxable Market Value: b. Payable 2002 Market Value of New C/I Construction: c. 50% of Line b (Tb x 0.5)' ct. Adjustment (1 + Ratio of Tc to 7a): S. Adjusted Lex'>, Limit Base for Payable 2003 ( 4 x 5 x 6c x 7d): 9. New Net Tax Capacity-Based Referendum Levies: 10. 2003 Propelxy Tax Aids a. 2003 Local Government Aid (LGA): b. 2003 Estimated Taconite Aids' c. 2003 Existing Low h~come Housing Aid: d. 2003 New Construction Lox',, Income Housing Aid' e. 2003 Transit Property Tax Replacement Aid' f. Total(a+b+c+d+e)' 11. Adjustment for 2003 Local Tax Rate Excess Tax Increment Taxes' 12. Payable 2003 Overall Levy Limitation (8 + 9 - 10f- 11)' 6,709,476 6,709,476 1.007618 6,914 7,216 1.043679 1,593,928,100 31,102,100 15,551,050 1.009756 7,124,728 20,475 20,475 0 7,104,253 Ib'o?erO, Tax Division Nlail Station 3340 St. Paul, MN 55146-3340 ,.In equal opportuniO' employer ret.' 651-296-33 ?o.,': 651-297-21 Call 711 for Minnesota MINNESOTA. REVENUE August 16, 2002 To: Finance Officials of Cities Over 2,500 Population Re: Payable 2003 Overall Le~,>, Limitation Enclosed is the Payable 2003 Overall Levy Limitation Notice for your city. The factors involved in the calculation of your city's payable 2003 overall levy limitation are shown on the notice. The following is an explanation of the calculation factors. Line 1 -- Adjusted Levy Limit Base for Payable 2002: This amount is from line 15 of your city's "Payable 2002 Overall Levy Limitation Notice" that you received in 2001. Line 2 - City Share of Payable 2001 Tree Growth Tax Receipts: Line 2 is the total amount of tree growth tax received by the city in 2001. The tree growth tax has been repealed for the taxes payable year 2003 and subsequent years. Line 3 - City Share of Payable 2001 Manufactured Home HACA: Line 3 is the total amount of manufactured home HACA received by the city in 2001. Beginning with the taxes payable year 2002, cities, towns, school districts, and special taxing districts no longer receive manufactured home HACA. Line 4 - Beginning Levy Limit Base for Payable 2003: This is the sum of Line 1, Line 2, and Line 3. Line 5 - Implicit Price Deflator Adjustment (March 2002/March 2001): This is the ratio of the implicit price deflator for govennnent consumption expenditures and gross investment for state and local govenmaents prepared by the Bureau of Economic Analysis o£ the United States Department of Commerce for March 2002 compared to March 2001. Line 6 - Itousehold Growth Adjustment: Line 6a is the April 1, 2000 household count for 5,our city from the 2000 federal decennial census as certified by the United States Department of Comlnerce, Bureau of the Census. Line 6b is the April 1, 2001 household estimate for your city as determined by the State Demographer (for nonmetropolitan cities) or by the Metropolitan Council (for cities within the seven county metropolitan area). Line 6c is the ratio of the 2001 household count for your city to the 2000 household estimate for your city. If the calculated ratio for your city is less than 1.000000 it has been changed to 1.000000. Continued... Pro?erO' Tax Division Mail Station 3340 St. Paul, MN 55146-3340 ,4u equal OppOrlto~iO' employer re~.. 651-296-3394 Fax.' 651-297-2166 Call 711 for Minnesota Relay Line 7 -Adjustment for Pay' 2002 Market Value of New C/I Construction: Line 7a is the payable 2001 total taxable market value of all property for your city. Line 7b is the payable 2002 market value of new construction of class 3 commercial and industrial property for your city. Line 7c is 50% of Line 7b. Line 7d is 1.000000 plus the ratio of Line 7c to Line 7a. Line 8 - Adjusted Lex'3' Limit Base for Payable 2003' This is the Beginning Levy Limit Base for Payable 2003 (Line 4), multiplied by the Implicit Price Deflator Adjustment (Line 5), multiplied by the Household Growth Adjustment (Line 6'c), and multiplied by the Adjustment for Pay' 2002 Market Value of New C/I Construction (Line 7dF. Line 9 - New Net Tax Capacity-Based Referendum Levies: This is the amount of your city's new net tax capacity-based referendum levies, if any, for payable 2003 including (1) those that were approved by the voters at a referendum held in 1997, 1998, or 1999, provided that a levy is authorized for the taxes payable year 2003, and (2) those approved by the voters in 2001 or 2002 that are effective for the taxes payable year 2003. Under M.S. 275.73 a county or a levy limit city may choose to go to the voters for approval to levy an additional tax on net tax capacity rather than on market value. In order to be effective for levy year 2002, taxes payable year 2003, a referendum under this provision in 2002 would have to be held prior to September 1, 2002. A referendum held after this date in 2002 could not be levied until levy year 2003, taxes payable year 2004. If voter approval for the desired tax is required under another general or special law or the provisions of a city charter, the levy would have to be on market value instead of on net tax capacity. For example, if the city wants to issue new bonds arid levy a property tax for them, and the city is required to hold an election on the bonds and property tax levy under the provisions of M.S. 475.58, any levy for the bonds would have to be on market value instead of on net tax capacity. If your city has a lneXv net tax capacity-based referendum levy for payable 2003, it is to be added to your city's levy limit base since it is an authorized additional levy rather than a special levy authorized outside ofF'our city's overall levy limitation. Line 10 - 2003 Property Tax Aids: This is the amount of your city's property tax aids for calendar year 2003. Line 10a is your city's certified amount of 2003 local govemlnent aid (LGA). Line 1 Ob is your city's estimated amount of 2003 taconite aids, if any, under M.S. 298.28 and 298.282. Line 10c is your city's certified amount of 2003 existing low income housing aid, if any, under M.S. 477A.06. Line 10d is your city's certified amount of 2003 new construction low income housing aid, if any, under M.S. 477A.065. Line 10e is your city's 2003 transit property tax replacement aid, if any. Line 1 Of is the sum of Lines 10a through 10e. The 2003 property tax aids are to be deducted fi'om your city's adjusted levy limit base for payable 2003 since your city's overall levy limitation is to change inversely with the change in your city's property tax aids. Line 11 -Adjustment for 2002 Local Tax Rate Excess Tax Increment Taxes: M.S. 469.177, Subd. 9 provides that a tax increment (TIFF district does not get to keep the portion of tax increments that are based on an increase in the total local tax rate over the total rate that existed for the year in which the original local tax rates for the TIF district were certified. These local tax rate excess tax increment taxes are to be distributed to the county, the city, and the school district (but not special taxing districts) based on their respective percentages of the total local tax rate increase. This statute further provides that the amount distributed to the county, the city, or the school district is to be deducted in determining its levy limitation for the next taxes payable year. The amount shown is the increase (if any) in your city's local tax rate excess tax increment taxes for payable 2002 over payable 2000. It is presumed that your city's payable 2001 property tax levy was reduced by its payable 2000 local tax rate excess tax increment taxes. Line 12 - Payable 2003 Overall Lex,3, Limitation: This is your city's Adjusted Levy Limit Base for Payable 2003 (Line 8), plus your city's New Net Tax Capacity-Based Referendum Levies, if any (Line 9), minus your city's 2003 Property Tax Aids (Line 10f), and minus the Adjustment for 2002 Local Tax Rate Excess Tax Increment Taxes, if any (Line 11). This is the most that your city may levy for the taxes payable year 2003 for all purposes except special levies and special assessments. If you have an3, questions concerning this letter or the enclosed Payable 2003 Overall Lex'3, Limitation Notice, please contact me at (651) 296-3394. Si nccrely, Sh awn Wink Research Analysis Specialist Shawn.wink~state.mn.us Enclosure MINNESOTA' REVENUE 2003 LOCAL GOVERNMENT AID NOTICE July 31, 2002 CHANHASSEN CITY OF CITY ADMINISTRATOR CITY HALL 7700 MARKET BLVD BOX 147 CHANHASSEN, MN 55317 0147 RECEIVED GIT't' OF' CHANHA$$EN THE 2003 LOCAL GOVERNMENT AID FOR YOUR CITY IS: $ 20,475 THE FOLLOWING IS A LISTING OF THE FACTORS USED IN THE CALCULATION OF YOUR CITY'S 2003 LOCAL GOVERNMENT AID. SEE THE ENCLOSED LETTER FOR AN EXPLANATION OF THESE FACTORS AND FOR ADDITIONAL INFORMATION CONCERNING THE DETERMINATION OF YOUR CITY'S LOCAL GOVERNMENT AID. 1. PRE-1940 HOUSING UNITS: 2. TOTAL HOUSING UNITS: 3. PRE-1940 HOUSING PERCENTAGE: 219 4,249 5.15 4. 1991 5. 2001 6. POP POPULATION: POPULATION: ULATION DECLINE PERCENTAGE: 12,339 21,100 0.00 7. 2001 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: 8. 2001 TOTAL REAL AND PERSONAL MARKET VALUE: 9. COMMERCIAL/INDUSTRIAL PERCENTAGE: 278,0t0,233 1,793,598,080 15.50 10. TRANSFORMED POPULATION: 11. CITY REVENUE NEED: 12. PAYABLE 2002 CITY NET LEVY: 13. PAYABLE 2002 CITY NET TAX CAPACITY: 14. TAX EFFORT RATE: 15. NEED INCREASE PERCENTAGE: 823.12 260.31 7,656,067 19,893,679 0.361938 0.478520 16a. 16b. 16c. 16. 17. 18. CITY AID BASE BEFORE ADJUSTMENTS: 2003 RENTAL HOUSING TAX BASE REPLACEMENT AID: OTHER AID BASE ADJUSTMENTS: TOTAL CITY AID BASE FOR 2003 (16a+16b+16c): CITY FORMULA AID (15x(11x5)-(13x14)): PRELIMINARY AID (16+17): S 20,485 S o $ o $ 20,485 $ o $ 20,485 19 20 21 2002 LOCAL GOVERNMENT AID: 2003 MAXIMUM AID ((.1 x 12)+16b+16c+19): 2003 LGA BEFORE REDUCTIONS (LESSER OF 18 OR 20): $ 20,485 $ 786,092 $ 20,485 22 REDUCTION FOR STATE COSTS: $ 10 23 FINAL 2003 LOCAL GOVERNMENT AID AFTER REDUCTIONS (21-22): S 2O,475 Prc;pc]'(;' T~-,'.v Dirixio]z %1;~iI Stu, tion 3345 St. Paul, %IN 55146-3345 TTt': TeL' 651-296-5141 651-297-2166 Call 711 for Minnesota Relay ,,1~ equcd opportzmiO' cmploycr MINNESOTA' REVENUE July 31, 2002 TO: CITIES RE: NOTICE OF 2003 LOCAL GOVERNMENT AID The amount of your city's 2003 local government aid has been determined and is shown on the enclosed notice. The notice also lists the factors used to determine your city's 2003 local government aid. Following is an explanation of these factors. 1. PRE-1940 HOUSING UNITS: This is the total number of housing units in your city that were constructed before 1940 according to the 1990 Federal Census). 2. TOTAL HOUSING UNITS: This is the total number of all housing units in your city (both vacant and occupied) according to the 1990 Federal Census. 3. PRE-1940 HOUSING PERCENTAGE: This is the result of dividing the total number of pre- 1940 housing units (line 1) by the total number of housing units (line 2), multiplied by 100. 4. 1991 POPULATION: This is the 1991 population estimate for your city as determined by the State Demographer (for non-metro cities) or by the Metropolitan Council (for metro cities). 5. 2001 POPULATION: This is the 2001 population estimate for your city as determined by the State Demographer (for non-metro cities) or by the Metropolitan Council (for metro cities). 6. POPULATION DECLINE PERCENTAGE: If your city's 1991 population (line 4) is greater than your city's 2001 population (line 5), this is the result of subtracting line 5 from line 4 and dividing the difference by line 4, multiplied by 100. If your city's 2001 population is greater than your city's 1991 population, your population decline percentage is zero. 7. 2001 TOTAL CLASS 3 REAL PROPERTY MARKET VALUE: This is the total 2001 (taxes payable 2002) Class 3 market value of all commercial, industrial, and employment properties in your city, before any adjustments for fiscal disparities and excluding public utility properties. These values are not equalized. 8. 2001 TOTAL REAL AND PERSONAL MARKET VALUE: This is the total 2001 (taxes payable 2002) real and personal market value of your city before any adjustments for fiscal disparities, but after any limited market value adjustments. These values are not equalized. 9. COMMERCIAL/INDUSTRIAL PERCENTAGE' This is the result of dividing your city's, total Class 3 market value (line 7) by your city's total real and personal market value (line 8), and multiplying the result by 100. 10. TRANSFORMED POPULATION: This is the result of multiplying your city's population (line 5), raised to the .3308 power, by 30.5485. (continued) l~ropert)' Tar Division Mail Station 3345 St. Paul, MN 55146-3345 ret: 651-296-5141 651-297-2166 Call 711 for Minnesota Relay ~In equal opportunity employer 11. CITY REVENUE NEED: If your city's population is less than 2,500, your city's revenue need is the result of: a) 1.795919 times the pre-1940 housing percentage (line 3), plus b) 1.562138 times the commercial/industrial percentage (line 9), plus c) 4.177568 times the population decline percentage (line 6), plus d) 1.04013 times the transformed population (line 10), minus e) 107.475. If your ci~s population is 2,500 or greater, your city's revenue need is the result of: a) 3.462312 times the pre-1940 housing percentage (line 3), plus b) 2.093826 times the commercial/industrial percentage (line 9), plus c) 6.862552 times the population decline percentage (line 6), plus d) .00026 times the city population (line 5), plus e) 152.0141. Thc city revenue need is then multiplied by the ratio of the most recent implicit price deflator for state and local government purchases of goods and services to the 1993 implicit price deflator for state and local government purchases of good and services. (The March, 2002 and March, 1993 indices were used to compute this ratio). For determination of 2003 local government aid, this ratio is 1.252776. 12. PAYABLE 2002 CITY NET LEVY: This is your city's payable 2002 levy. If your city is located in the seven-county metropolitan area or the iron range area, the net levy for your city includes the fiscal disparities distribution levy. 13. PAYABLE 2002 CITY NET TAX CAPACITY: This is your city's 2001 (payable 2002) equalized net tax capacity using payable 2003 class rates. The net tax capacity excludes any tax increment financing (TIF) district value and any power line value. If your city is located in the seven- county metropolitan area or the iron range area, the net tax capacity excludes any fiscal disparities contribution value and includes any fiscal disparities distribution value. 14. TAX EFFORT RATE: This is the result of dividing the statewide total payable 2002 net levy for all cities by the statewide total payable 2002 equalized net tax capacity for all cities. The tax effort rate is the same for all cities. 15. NEED INCREASE PERCENTAGE: This is the percentage that is needed to increase the total 2003 local government aid for all cities to the amount of local government aid appropriated for cities in 2003. The need increase percentage is the same for all cities. 16a. CITY AID BASE BEFORE ADJUSTMENTS: This is the total of your city's 1993 local government aid, 1993 equalization aid, 1993 disparity reduction aid, and 1999 local performance aid. This amount also includes any aid base adjustments per Minnesota Statutes, Section 477A.011, subdivision 36. (continued) 16b. 2003 RENTAL HOUSING TAX BASE REPLACEMENT AID: For those cities that qualify for Rental Housing Tax Base Replacement Aid in 2003, the amount shown on this line is is added to your city's aid base. For further information on Rental Housing Tax Base Replacement Aid, visit the Department ofRevenue's website using the following link: http;//www,taxes, s~ate.mn,u~/proptax/propinfo/mthml$/rental_h0~sin~.html 16c. OTHER AID BASE ADJUSTMENTS' Any adjustments due to annexations, consolidations, dissolutions, or special legislation are listed here. 16. TOTAL CITY AID BASE FOR 2003 LGA: This is your city's total city aid base for 2003 LGA (sum of lines 16a, 16b, and 16c). 17. CITY FORMULA AID: This is the result of multiplying the need increase percentage (line 15) times the difference between a) the city's revenue need (line 11) multiplied by the city's population (line 5) and b) the city's net tax capacity (line 13) multiplied by the tax effort rate (line 14). 18. PRELIMINARY AID: This is your city's formula aid (line 17) plus your city's city aid base (line 16). 19. 2002 LOCAL GOVERNMENT AID: This is the total amount of local government aid your city was certified to receive in calendar year 2002, before the reduction for state costs. 20. 2003 MAXIMUM AID: For cities of the first class (Minneapolis, St. Paul, and Duluth): The maximum aid is limited to the city's 2002 local government aid (line 19) multiplied by 1.025, plus the city's 2003 rental housing tax base replacement aid (line 16b), plus other aid base adjustments (line 16c), if applicable. For all other cities: The maximum aid is limited to 10 percent of the city's net levy for the taxes payable year 2002 (line 12), plus the city's 2002 local govenm~ent aid (line 19), plus the city's 2003 rental housing tax base replacement aid (line 16b), plus other aid base adjustments (line 16c), if applicable. 21. 2003 LOCAL GOVERNMENT AID BEFORE STATE COSTS: This is the lesser of your city's preliminary aid (line 18) or your city's maximum aid (line 20). 22. REDUCTION FOR STATE COSTS: Minnesota Statutes, Section 477A.014, Subdivision 4 provides for reductions in local government aid to finance certain state costs. All cities receiving local government aid in 2003 receive a reduction for state costs based on their prorated share of the following amounts: Calendar Year 2003 State Demographer $ State Auditor (Government Information Division) Department of Employee Relations (Pay Equity) TOTAL $ 16,000 217,000 55,000 288,000 23. FINAL 2003 LOCAL GOVERN2¥IENT AID AFTER REDUCTIONS: This is the total amount of your city's 2003 aid distribution (line 21) minus the reduction for state costs (line 22). Your city's 2003 local government aid will be paid in two equal installments. The first half installment will be paid on or before July 20, 2003, and the second half installment will be paid on or before December 26, 2003. (continued) Minnesota Statutes, Section 477A.014 provides that a governmental unit may object to the mount of aid that the Department of Revenue has determined for it. No objection may be raised later than 60 days at~er receipt of this notice. Such objection should be addressed to Director, Property Tax Division, Minnesota Department of Revenue, Mail Station 3340, St. Paul, MN 55146-3340. If you have any questions regarding this letter, please call me at (651) 296-5141. Sincerely, Larry L. Bewley Research Analysis Specialist