MN HF4064

Modifies city revenue need calculation formulas for local government aid effective for aids payable in calendar year 2023 and thereafter, replacing factors like housing percentages and jobs per capita with new measures including city age index and commercial industrial utility percentage.

Introduces new definitions including "population age 65 and over," "transformed population" (logarithm base 10 of population), "city age index" (ratio of population 65+ to total population), and "commercial industrial utility percentage" for use in aid calculations.

Increases total aid payable to cities under section 477A.013, subdivision 9 from $564,398,012 (2022) to $592,617,913 (2023 and thereafter).

Establishes Mahnomen property tax reimbursement aid program providing annual payments of $900,000 to Mahnomen County, $320,000 to City of Mahnomen, and $140,000 to Independent School District No. 432 to compensate for property tax revenue loss related to Shooting Star Casino trust conversion.

Extends and increases the existing Mahnomen property tax reimbursement program, raising city payment from $160,000 to $320,000 annually starting 2023, and removes the program's expiration date.