Coon Rapids authorized to impose a local sales tax for public safety and community projects.
The bill allows the city of Coon Rapids to impose a local sales and use tax of up to one-half of one percent. The tax revenue will fund the renovation and expansion of the police department and city center, and the construction of a new community center and expansion of the Coon Rapids Ice Center. The tax expires 25 years after imposition or earlier if the city council determines it is sufficient to cover project costs and bond issuance costs. The city can issue bonds to finance the projects, and the tax revenue must be used for project costs, tax collection, and bond debt service.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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