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BET reviews Guidehouse report; commissioners weigh income tax, transfer tax, PILOT and asset monetization
Summary
The Board of Estimate and Taxation reviewed a Guidehouse Inc. report on alternative municipal revenue options and discussed prioritizing a resolution to the city council; commissioners debated feasibility, state-approval hurdles and locally actionable pilots but made no policy decisions.
The Minneapolis Board of Estimate and Taxation discussed a Guidehouse Inc. report on alternative municipal revenue sources at its April 22 meeting, with members identifying several options for follow-up and debating which to prioritize for a proposed resolution to the City Council's Intergovernmental Relations (IGR) committee.
President Steve Brandt said he and other commissioners had identified three priority approaches for further work: a local real estate transfer tax, a local option income tax, and monetizing underused city assets. "I think I agree uh…
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