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Major State Aids And Taxes: An Overview Of The 2005 Update.pdf

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Preview of Major State Aids and Taxes: An Overview of the 2005 Update
🔗 Source: house.mn.gov
📊 Size: 35 KB
👤 Author: BvanDyck
⬇️ Downloads: 73

Summary

The per capita amounts were calculated using 2005 population.

STATE AIDS include:
- Education aid: $6,008.5 million, $1,171 per capita
- Human services aid: $3,569.1 million, $695 per capita
- Highway aid: $534.7 million, $104 per capita
- Local government aid: $436.7 million, $85 per capita
- Disparity reduction aid: $18.7 million, $4 per capita
- County program aid: $206.2 million, $40 per capita
- Community corrections funding: $76.7 million, $15 per capita
- Property tax refund: $296.9 million, $58 per capita
- Targeting: $4.3 million, $1 per capita

MAJOR TAXES include:
- Individual income tax: $5,815.8 million, $1,091 per capita
- Sales and use tax: $4,278.8 million, $706 per capita
- Motor vehicle sales tax: $547.2 million, $107 per capita
- Motor vehicle license tax: $493.3 million, $96 per capita
- Motor vehicle fuels tax: $656.7 million, $128 per capita
- Corporate franchise (income) tax: $580.4 million, $113 per capita
- State property tax: $625.6 million, $122 per capita

PROPERTY TAX DATA shows total statewide market value of $411.8 billion and total statewide net property tax of $6.0 billion, with 58.8% of market value and 63.2% of net property tax in the metro area.

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Description

The per capita amounts were calculated using 2005 population.

Technical Information

  • File Format: PDF
  • File Size: 35 KB
  • Pages: 2
  • Language: EN
  • Author: BvanDyck
  • Total Downloads: 73
  • Last Updated: 1 week ago

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