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4110 <br /> Part III. Tax hearing and <br /> notification law <br /> (truth-in-taxation) <br /> Minn.Stat.§ In 1988,the Legislature adopted a program of mailed notice and advertising <br /> 275.065. requirements for proposed property taxes.The start of these requirements was <br /> coordinated with the elimination of levy limits.This is technically called the"taxation <br /> hearing and notification law,"but is more commonly referred to as"truth-in-taxation." <br /> With some limited exceptions for smaller communities,the law requires local <br /> governments to: <br /> See the Dept.of • Make early estimates of proposed levies and budgets; <br /> Revenue web <br /> site • Prepare and mail special notices containing proposed levy amounts and hearing <br /> s.state.mn.us/pro(htw.taxe <br /> t : n. information to all property owners; <br /> l� P y <br /> ptax/propinfo/tnt • Advertise the hearing and publish summary budget information; • <br /> Ant_main.html). <br /> • • Hold at least two special public hearings on the proposed levy and budget so <br /> taxpayers can comment on the spending and taxing decisions of local <br /> governments. <br /> Generally, all cities,counties, school districts,and most metropolitan area special <br /> taxing districts must follow the truth-in-taxation(TNT)guidelines,although some of <br /> the requirements are waived for smaller cities and larger cities proposing nominal tax <br /> increases(see section D below). <br /> A. LGA certification <br /> See Inter- The Dept. of Revenue will certify the local government aid(LGA)distribution by <br /> governmental <br /> Revenue section Aug. 1. For budget planning purposes,the League publishes estimates of LGA in the <br /> of Part V. Cities Bulletin in early summer. The combination of this aid with locally raised <br /> property taxes and fees will make up most of the revenues available to fund the city's <br /> budget. <br /> Guidelines for Preparing City Budgets 2003 19 <br />