Bill > HF3390

This bill authorizes the city of Owatonna to impose a local sales and use tax of one-half of one percent, provided it is approved by voters. The revenue generated from this tax is intended to cover the costs of collecting and administering the tax itself, and to finance up to $75,000,000, plus associated bonding costs, for the construction of a community center. The city is also empowered to issue bonds to fund this project, with these bonds not counting towards the city's debt limitations and not requiring a separate voter approval election. The sales and use tax will automatically expire either 25 years after it is first imposed or when the city determines that enough funds have been collected to cover the project costs and any related bonding expenses, with any remaining funds going into the city's general fund. Additionally, Owatonna can use any leftover revenue from a previously authorized local sales and use tax for the same community center project.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/HF/3390/