MN SF3971

Modifies the city revenue need formula for local government aid calculations starting with aids payable in calendar year 2023, changing coefficients and factors used in calculations for cities of different population sizes.

Introduces new definitions including "population age 65 and over" (based on federal census or state demographer estimates as of July 15), "transformed population" (logarithm base 10 of population), "city age index" (ratio of population 65+ to total population), and "commercial industrial utility percentage" (ratio of class 3 property values to total taxable property value).

Updates the price deflator baseline from 2013 to 2020 for adjusting city revenue needs for inflation beginning in 2023.

Establishes the Mahnomen Property Tax Reimbursement Program providing annual payments of $900,000 to Mahnomen County, $320,000 to the City of Mahnomen, and $140,000 to Independent School District No. 432, Mahnomen, to compensate for property tax revenue losses related to the Shooting Star Casino trust conversion.

Increases total aid available for city distribution under section 477A.013, subdivision 9, to $592,617,913 for aids payable in 2023 and thereafter (up from $564,398,012 for 2021-2022).