Minnesota HF3873 allows the city of Osseo to impose a local sales and use tax to fund specific projects.

Minnesota HF3873 authorizes the city of Osseo to impose a local sales and use tax of one percent. The tax revenue will be used to cover the costs of collecting and administering the tax, and to finance specific projects including the Boerboom Park Community Hub Project, City Hall Renovations Project, and Sipe Park Project. The tax may expire after 20 years or when the city council determines the revenue is sufficient to cover project costs. The city can issue bonds to finance these projects, which are not subject to certain debt limitations.

Minnesota HF3873 allows the city of Osseo to impose a local sales and use tax to fund specific projects.

Minnesota HF3873 authorizes the city of Osseo to impose a local sales and use tax of one percent. The tax revenue will be used to cover the costs of collecting and administering the tax, and to finance specific projects including the Boerboom Park Community Hub Project, City Hall Renovations Project, and Sipe Park Project. The tax may expire after 20 years or when the city council determines the revenue is sufficient to cover project costs. The city can issue bonds to finance these projects, which are not subject to certain debt limitations.