Bill > SF1005

This bill authorizes the city of Austin, Minnesota, to impose a local sales and use tax of one-half of one percent, subject to voter approval, for the specific purpose of financing a new law enforcement center. The tax can raise up to $25,000,000 plus associated bonding costs, and can be used to cover the costs of collecting and administering the tax as well as constructing and operating the law enforcement center. The city is granted special bonding authority to issue up to $25,000,000 in bonds for this project, with these bonds not being subject to typical debt limitations or requiring a separate election for approval. The sales and use tax will automatically expire either 14 years after first being imposed or when the city determines it has collected sufficient funds to cover the project costs and bond-related expenses. Any remaining funds after project completion will be placed in the city's general fund. The bill provides a specific exception to standard tax regulations, allowing Austin unique flexibility in implementing this local sales tax for its law enforcement center project.

Budget and Finance

https://www.revisor.mn.gov/bills/bill.php?b=Senate&f=SF1005&ssn=0&y=2025