Minnesota HF4506 amends the authorization for the city of Baxter to impose a local sales tax.

Minnesota HF4506 amends the authorization for the city of Baxter to impose a local sales tax. The bill allows the city to allocate up to an additional $40,000,000 of tax revenues to a capital infrastructure fund. It also permits the city to extend the tax beyond its original termination date if approved by voters. The tax revenues are to be used for projects including water and wastewater utility upgrades, street infrastructure improvements, and construction of a new public safety facility. The city can issue bonds to finance these projects, with the debt not included in any debt limitations.

Minnesota HF4506 amends the authorization for the city of Baxter to impose a local sales tax.

Minnesota HF4506 amends the authorization for the city of Baxter to impose a local sales tax. The bill allows the city to allocate up to an additional $40,000,000 of tax revenues to a capital infrastructure fund. It also permits the city to extend the tax beyond its original termination date if approved by voters. The tax revenues are to be used for projects including water and wastewater utility upgrades, street infrastructure improvements, and construction of a new public safety facility. The city can issue bonds to finance these projects, with the debt not included in any debt limitations.