Loading chat...
MN HF4105
Bill
Status
3/4/2020
Primary Sponsor
Steve Green
Click for details
AI Summary
-
Increases the distribution factor for town aid from 0.0045 to 0.009 starting in 2021, effectively doubling the aid calculation multiplier.
-
Raises the total annual appropriation cap for town aid from $10,000,000 (through 2020) to $20,000,000 for 2021 and thereafter.
-
Town aid distributions are calculated using agricultural property factor, town area factor (capped at 50,000 acres), and population factor, with total aid reduced proportionately if it exceeds the spending limit.
-
Removes the previous language limiting eligibility to "2014 and thereafter" to make the distribution formula apply to all towns going forward.
Legislative Description
Local government aid; town aid appropriation increased.
Last Action
Committee report, without further recommendation re-refer to Property and Local Tax Division
3/12/2020