City of Lanesboro local sales and use tax imposition authorization

Summary

The bill lets the city of Lanesboro impose a sales and use tax of up to one‑half of one percent, pending voter approval, to finance a $500,000 park rehabilitation and a $2 million highway project. It also permits the city to issue up to $2.5 million in bonds secured by the tax revenues, with special rules that keep the bonds outside normal debt limits. The tax would end after 30 years or when the projects are paid for, and any leftover money would go to the city’s general fund.

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