As
shown by the area chart above, state aid represents a smaller
share of total tax resources available to municipalities than
it did 20 years ago. A review of the chronology and aid description
links below demonstrates why this is the case: Aid to cities
consists of four programs, three of which are funded in stable
or declining amounts. The original personal property tax replacement
funds have been set out in statute at a defined amount ($17.9
million) since 1977. The amounts actually appropriated have
been less than that most years. In fact, the amount appropriated
for 2002-03 was approximately $13.5 million.
The Municipal
Infrastructure Redevelopment Fund is financed with a defined
$3 million earmark from cigarette tax proceeds. The Municipal
Equalization Fund is also financed with defined fund sources
that have increased very little since the creation of the
fund in 1998. Only the road and street aid program increases
regularly.