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MN HF3602

Bill

Status

Introduced

3/24/2016

Primary Sponsor

Mary Murphy

Click for details

Origin

House of Representatives

89th Legislature 2015-2016

AI Summary

  • Amends Minnesota Statutes section 477A.013, subdivision 8, to establish a base year formula aid calculation for newly incorporated cities.

  • For newly incorporated cities in their first aid payable year, the "formula aid in the previous year" is deemed equal to $10 multiplied by the city's population, rather than using actual prior year data.

  • Maintains existing city formula aid calculation based on previous year aid plus the product of unmet need difference and aid gap percentage.

  • Effective for aids payable in 2017 and thereafter.

Legislative Description

Newly incorporated city base year formula aid provided.

Last Action

Referred by Chair to Property Tax and Local Government Finance Division

3/24/2016

Committee Referrals

Taxes3/24/2016

Full Bill Text

No bill text available