The City of Garfield will have its Local Government Aid (LGA) reduced by $5,149 in 2003 and another $5,149 in 2004, for a total cut of $10,298.  That equals a 23.75% cut each year for 2003 and 2004 from the certified 2003 amount of $21,677.  The Market Value Homestead Credit (MVHC) amount will not be reduced either year.

The city is not planning any reductions in services since there are not any non-essential services the city could identify.  The city will need to absorb the loss from its reserves in the general budget.