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S.F. No. 499 - New London local sales tax authorization
 
Author: Senator Andrew R. Lang
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 14, 2017



 

This bill authorizes the city of New London to impose by ordinance a local sales tax up to one-half of one percent to finance capital and administrative costs for:

  • Construction and equipping of a new library and community room;
  • Construction of an ambulance bay at the fire hall; and
  • Improvements to the New London Senior Citizen Center.

The tax was approved by the voters in the November 2016 election. Revenues from the tax may not exceed $872,000 plus finance and debt service costs. The tax terminates 20 years after it is first imposed, or when the city council determines that the amount sufficient to pay the capital and bond costs have been raised. Effective the day after the city files its approval with the Secretary of State.

 
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