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Bill > SF1553


MN SF1553

MN SF1553
Baldwin base year formula aid provision


summary

Introduced
02/17/2025
In Committee
02/17/2025
Crossed Over
Passed
Dead

Introduced Session

94th Legislature 2025-2026

Bill Summary

A bill for an act relating to taxation; local government aid; providing base year formula aid to the city of Baldwin.

AI Summary

This bill modifies the local government aid formula specifically for the city of Baldwin by establishing a special calculation method for aids payable in 2026. Under this bill, when calculating Baldwin's local government aid for the 2026 payment year, the city's 2025 aid amount will be determined by multiplying an unspecified dollar amount by the city's population. This appears to be a unique provision that temporarily adjusts the standard base year formula aid calculation for Baldwin, potentially to address a specific financial situation or provide temporary fiscal support. The bill explicitly states that this modified calculation method is only effective for aids payable in 2026, making it a time-limited intervention in the city's local government aid calculation. The bill does not specify the exact multiplier to be used, leaving that detail to be determined separately, but ensures that the city's aid will be directly tied to its population for that specific year.

Committee Categories

Budget and Finance

Sponsors (1)

Last Action

Referred to Taxes (on 02/17/2025)

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