Authorizes the City of Lanesboro to impose a local sales and use tax to fund specific projects.
The bill allows the City of Lanesboro to impose a local sales and use tax of up to one-half of one percent, subject to voter approval. The tax revenue will be used for two projects: $500,000 for rehabilitation and improvements to Sylvan Park and $2,000,000 for the Trunk Highway 250 road improvement project. The tax can also be used to cover costs related to bond issuance. The tax expires 30 years after imposition or when the city council determines it has collected enough revenue, whichever comes first.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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