What is the estimated timeline for the local option sales tax?

The L.O.S.T. will be considered by the State Legislature during its session in 2023. If approved, the City Council would adopt a resolution accepting the new law, and there will be questions on the ballot, one for each proposed project, at the next general election of the city, which is in November 2024. If approved by the voters, the City Council would pass an ordinance imposing the tax and notify the Minnesota Department of Revenue at least 90 days prior to the calendar quarter in which the tax will begin to be collected.

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1. What is a local option sales tax?
2. What can receipt of local option sales tax funds be used for?
3. Can any city create a local option sales tax?
4. What does Monticello want to fund using a sales tax?
5. How much would the local option sales tax be and how long would it be in effect?
6. What happens if the local option sales tax is not supported by voters?
7. What is the estimated timeline for the local option sales tax?