Minnesota HF5071 modifies the local sales tax in St. Peter to fund specific projects.

Minnesota HF5071 allows the city of St. Peter to impose a local sales and use tax of one-half of one percent, subject to voter approval. The tax funds a new fire station and Gorman Park improvements. The tax expires after 40 years or when sufficient funds are collected, whichever comes first. The tax revenue also covers administrative costs and debt service on bonds issued for the projects. The bonds are not subject to certain debt limitations and can be paid from available city funds. Any remaining funds after project completion are placed in the city's general fund.

Minnesota HF5071 modifies the local sales tax in St. Peter to fund specific projects.

Minnesota HF5071 allows the city of St. Peter to impose a local sales and use tax of one-half of one percent, subject to voter approval. The tax funds a new fire station and Gorman Park improvements. The tax expires after 40 years or when sufficient funds are collected, whichever comes first. The tax revenue also covers administrative costs and debt service on bonds issued for the projects. The bonds are not subject to certain debt limitations and can be paid from available city funds. Any remaining funds after project completion are placed in the city's general fund.