INFORMATIONAL

  A memorandum was sent June 3, 1997, by the Department of
  Taxation to the local Commissioners of Revenue and Directors
  of Finance asking for assistance in verifying the
  information used to assign the 1995 adjusted gross income
  (AGI) data to localities for purposes of computing the
  composite index for the 1998-2000 biennium.  This
  verification involves reviewing a listing of the zip codes
  for each locality.  AGI reported on tax returns filed
  directly with the Department of Taxation is assigned to a
  locality based on the nine digit zip code associated with
  the address reported on the return. 

  The Department of Taxation is asking that notification be
  returned to them by July 1, 1997, indicating whether or not
  their zip code information is correct.  If the locality does
  not agree with the information, it has until September 1,
  1997, to specify in writing the formal basis for
  disagreement.  Documentation must be presented which will
  support any proposed corrections. 

  We are notifying you of this process in case you wish to
  offer assistance in verifying this data to the Commissioner
  of Revenue or Director of Finance in your locality.  We hope
  that careful review of this data before the composite index
  is computed will surface any concerns and eliminate the need
  for revisions later.  

     If you have any questions concerning this, please
  contact Mr. Dan Timberlake, Assistant Superintendent for
  Finance, at (804) 225-2025, Mrs. June Eanes, Budget
  Director, at (804) 225-2060, or Mr. Kent Dickey, Data
  Analyst, at (804) 225-2806.

  RTL:je