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City manager warns Senate tax bill provision would cut Mankato aid by $263,880 and eliminate shared cannabis revenue
Summary
City Manager Susan Arns told the council a Senate omnibus tax-bill provision would reduce local government aid to Mankato by $263,880 and that a separate proposal would stop the state's share-back of cannabis surtax revenue to cities and counties.
City Manager Susan Arns briefed the council on provisions in a Senate omnibus tax bill under committee consideration that she said would reduce local government aid (LGA) to the city by an estimated $263,880 if adopted and would eliminate the 20% share-back of a 10% cannabis retail surtax to cities and counties.
Arns put the potential LGA reduction in concrete…
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