Minnesota SF3694 authorizes the City of Minnetonka to impose a local sales and use tax for specific projects.

Minnesota SF3694 allows the City of Minnetonka to impose a local sales and use tax, subject to voter approval, to fund specific projects. The tax, up to one-half of one percent, can be used for projects including new fire stations, trail segments, health and wellness center renovations, and a community park. The tax can expire after 30 years or when project costs are covered. The tax revenue must also cover the costs of collecting and administering the tax and paying debt service on bonds issued for these projects.

Minnesota SF3694 authorizes the City of Minnetonka to impose a local sales and use tax for specific projects.

Minnesota SF3694 allows the City of Minnetonka to impose a local sales and use tax, subject to voter approval, to fund specific projects. The tax, up to one-half of one percent, can be used for projects including new fire stations, trail segments, health and wellness center renovations, and a community park. The tax can expire after 30 years or when project costs are covered. The tax revenue must also cover the costs of collecting and administering the tax and paying debt service on bonds issued for these projects.