Taylors Falls authorized to impose local sales and use tax for community center, River Walk, and town square projects.

The bill authorizes the city of Taylors Falls to impose a local sales and use tax of one-half percent, subject to voter approval. The tax revenue will fund a community center, River Walk improvements, and a town square development. The tax expires 20 years after imposition or earlier if the city council decides. The city can issue bonds to finance these projects, with the bonds not subject to certain state debt limitations.

Taylors Falls authorized to impose local sales and use tax for community center, River Walk, and town square projects.

The bill authorizes the city of Taylors Falls to impose a local sales and use tax of one-half percent, subject to voter approval. The tax revenue will fund a community center, River Walk improvements, and a town square development. The tax expires 20 years after imposition or earlier if the city council decides. The city can issue bonds to finance these projects, with the bonds not subject to certain state debt limitations.