Bill > SF3694

This bill authorizes the city of Minnetonka to impose a local sales and use tax, which is a tax on the purchase of goods and services, at a rate of up to one-half of one percent. This authorization is contingent upon voter approval, as required by Minnesota Statutes, section 297A.99, subdivision 3, and the tax will be administered and collected according to existing state laws. The revenue generated from this tax is specifically earmarked for the construction of new fire stations, the completion of trail segments connecting to the regional trail network, renovations to The Marsh health and wellness center, and the creation of a new public park and open space, with the city also permitted to use these funds to cover the costs of administering the tax and financing these projects through bonds. The city can issue bonds, which are essentially loans, up to a total of $116,100,000 to fund these projects, and these bonds will not count towards the city's general debt limits. The sales and use tax will automatically expire either 30 years after it is first implemented or when the city determines that enough funds have been collected to cover all authorized project costs and associated bond expenses, with any remaining money going into the city's general fund.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/3694/