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S.F. No. 548 - New Ulm local sales tax modification
 
Author: Senator Gary H. Dahms
 
Prepared By: Nora Pollock, Senate Counsel (651/297-8066)
 
Date: March 14, 2017



 

This bill modifies the current New Ulm 0.5% local sales tax by authorizing new uses for the tax revenues and authorizing additional bonding authority, as approved by the voters in the November 2016 election, for the following projects:

  • Construction of an indoor water park and safety improvements to the existing pool;
  • Construction of an indoor playground, wellness center, and gymnastics facility;
  • Construction of a winter multipurpose dome;
  • Improvements to the Johnson Park Grandstand; and
  • Improvements to the entrance road and parking and Hermann Heights Park.

The bill authorizes an additional $14.8 million in bonding for these projects. The local sales tax terminates when the city council determines that sufficient funds have been raised from the taxes to finance capital and administrative costs of the facilities and improvements.

Effective the day after the city files its approval with the Secretary of State.

 
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