From the Capitol

March 5, 2013 at 11:24 am

Two bills add an additional tax/fee on property
SF 606/HF 511 – Parks, Trail, and Recreational Facilities: Financing Option

  • Authorizes local units of government to levy a “recreational facilities fee,” i.e. a tax to finance parks, playgrounds, trails, recreational complexes, etc.
  • The tax will be levied on all properties in the jurisdiction and will be collected and enforced in the same manner as a special assessment.

SF 607/HF 745 – Municipal Street Improvement Districts

  • Authorizes cities to establish municipal street improvement districts and to apportion street improvement fees, i.e. taxes, on all parcels located in the district.
  • The money will be used to for construction, reconstruction and facility upgrades, and all items possibly related to street maintenance.

A bill changing the Fiscal Disparities Program
SF 207/HF 208 – Relating to the City of Bloomington

  • Authorizes the use of the Fiscal Disparities Pool to finance part of the expansion at the Mall of America.
  • An amount would be taken from the pool each year until the TIF districts are decertified, either in 2024 or 2034.

Testifying on behalf of NAIOP this week:

  • Michele Foster-HF 207, Fiscal Disparities Pool to fund the MOA expansion
  • Mark Nordland-Governor’s Tax Reform and Budget Proposal
  • Kaye Rakow-HF 511, a recreational tax on property

Entry filed under: Featured Articles.

NAIOP gets a little press in the Minnesota Real Estate Journal Recap | Day at the Slopes


For more information about NAIOP Minnesota, visit www.NAIOPMN.org.

Hillcrest Development

Categories

NAIOP MN on Twitter

RSS MN Real Estate Journal

  • An error has occurred; the feed is probably down. Try again later.

Archives


%d bloggers like this: