as introduced - 93rd Legislature (2023 - 2024) Posted on 02/12/2024 11:59am
Engrossments | ||
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Introduction | Posted on 02/05/2024 |
A bill for an act
relating to taxation; state aids to local governments; creating a minimum city aid
distribution; amending Minnesota Statutes 2023 Supplement, sections 477A.013,
subdivision 9; 477A.03, subdivision 2a.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Minnesota Statutes 2023 Supplement, section 477A.013, subdivision 9, is
amended to read:
(a) In calendar year 2024 and thereafter, if a city's
certified aid for the previous year is less than its current unmet need, the city shall receive
an aid distribution equal to the sum of (1) its certified aid in the previous year, and (2) the
city formula aid under subdivision 8.
(b) For aids payable in 2024 and thereafter, if a city's certified aid for the previous year
is equal to or greater than its current unmet need, the total aid for a city is equal to the greater
of (1) its unmet need, or (2) the amount it was certified to receive in the previous year minus
the lesser of (i) $10 multiplied by its population, or (ii) five percent of its net levy in the
year prior to the aid distribution. No city may have a total aid amount less than $0.
new text begin
(c) Notwithstanding paragraphs (a) and (b), the aid distribution under this subdivision
to a city must not be less than $150 multiplied by the city's population if (1) the city is
located in a county that contains a city of the first class, and (2) the city's unmet need is
greater than zero.
new text end
new text begin
This section is effective for aids payable in calendar year 2025
and thereafter.
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Minnesota Statutes 2023 Supplement, section 477A.03, subdivision 2a, is amended
to read:
deleted text begin For aids payable in 2021 through 2023, the total aid payable under
section 477A.013, subdivision 9, is $564,398,012.deleted text end For aids payable in 2024 deleted text begin and thereafterdeleted text end ,
the total aid payable under section 477A.013, subdivision 9, is $644,398,012.new text begin For aids
payable in 2025 and thereafter, the total aid payable under section 477A.013, subdivision
9, is $722,704,893.
new text end
new text begin
This section is effective for aids payable in calendar year 2025
and thereafter.
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