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YEAR & <br />STATUTE <br />REFERENCE <br />CITY OF LINO LAKES. MINNESOTA <br />STATE LEGISLATIVE ACTION <br />Appendix A <br />Page 2 of 11 <br />INITIAL YEAR <br />ESTIMATED <br />IMPACT <br />1991 HF 1698 #26 Authorized the establishment of a local option sales tax <br />Art. 2 Section 6 of 1i2% on all retail sales in the County. If the County does <br />not authorize the additional 1/2% sales tax, Cities and Towns <br />within the County which have a majority of the population <br />may override the County action by sending copies of <br />-- approving resolutions to the County Auditor by August 1, <br />1991. <br />Because it is likely <br />that most Counties <br />will approve the local <br />option sales tax, <br />there will likely not <br />be a competitive <br />disadvantage within <br />the State of <br />Minnesota. The <br />increase of 112% in <br />sales tax however, <br />provides a possibly <br />greater competitive <br />edge for surrounding <br />States. <br />1991 HF 1698 <br />Section 5 <br />#25 If any County does not approve the local option sales <br />tax of 1/2% there would be no payments made to the local <br />government trust fund to the County or to City, Town or <br />Special Taxing Jurisdictions located in the County. (See #30 <br />for increased levy authority) <br />If the local option <br />sales tax is not <br />passed, the City of <br />Lino Lakes would <br />lose $350,000 of <br />State Aid beginning <br />in 1992. <br />Prepared by Voto, Tautges, Redpath & Co., Ltd. June 20, 1991 <br />