Minnesota Statutes 365.43 – No Debt, Spending Beyond Tax Limit Without Vote
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Subdivision 1.Total revenue defined.
A town must not spend more money in a year than its total revenue without a favorable vote of a majority of the town’s electors. In this section, “total revenue” means property taxes payable in that year as well as amounts received from all other sources and amounts carried forward from the last year.
Subd. 2.Law limits levied amount.
Terms Used In Minnesota Statutes 365.43
- Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
Terms Used In Minnesota Statutes 365.43
- Majority: means with respect to an individual the period of time after the individual reaches the age of 18. See Minnesota Statutes 645.451
A town must not levy more taxes in a year than are authorized by law.