By Stacie Kvilvang, Senior Municipal Advisor Clarifying Minnesota’s New TIF Legislation In 2023, Governor Walz signed into law a number of changes to the existing TIF statute that: Align and clarify how practitioners have historically implemented TIF law Clarify pooling calculations Adjust the Year-Six Rule to clarify how it’s calculated, and add parcel removal requirements […]
By Greg Johnson, Senior Municipal Advisor and Shelby McQuay, Senior Municipal Advisor | Managing Director Parameters Sales There are many different flavors of validly authorizing debt under statute, such as: A required public hearing Consideration of preliminary legislation that requires super-majority approval Preparation and adoption of a study or plan Review and approval by a […]
By Jeanne Vogt, Senior Fiscal Consultant and Jen Chapman, Financial Specialist Breaking down the impacts of 2023 Minnesota Legislation In 2023, The Minnesota State legislature increased the market value exclusion for homeowners and reduced tax capacity rates for affordable housing. In addition, by law, the first-tier limit for agricultural homestead land will be increased. Together, […]
By Kristin Cummings, Director or Marketing & Communications and Brian Reilly, Senior Municipal Advisor | Managing Director Creating Effective Professional Services Requests for Proposals Just like any other organization, governmental entities regularly seek the assistance of professional experts in a particular field. You’re running an operation focused on your core functions; it would be both […]
By Shelby McQuay, Senior Municipal Advisor | Managing Director and Aaron Bushberger, Municipal Advisor November 2023 School District Election Analysis & Outlook for 2024 November proved to be a busy month for school district elections across Minnesota! 60 school districts asked a total of 93 ballot questions for voter approved authority for operating referendums, capital […]
By Stacie Kvilvang, Senior Municipal Advisor Navigating Minnesota’s .25% Sales Tax Legislation In October 2023, the Minnesota State Legislature implemented a .25% sales tax within the 7-County Metropolitan Area to create a longer-term funding mechanism for the development and preservation of affordable housing. Revenues generated from the sales tax will be allocated to cities with […]
The December 2023 Quarterly Newsletter marks one year of sharing information and education with all of you in a reimagined format. The decision to shift away from a bi-weekly market commentary to a more robust publication covering a wealth of different topics was a direct result of feedback we received from you as part of […]
By Todd Taves, Senior Municipal Advisor | Managing Director Levy Limit & Tax Incremental District Impacts The recently enacted local government funding legislation (2023 Wisconsin Act 12) imposes significant changes to the shared revenue program, eliminates the personal property tax, and creates an innovation fund to encourage consolidation and transfer of services to promote cost […]
By Matt Tourville, Investment Adviser The Year in Review While 2023 started out with relative uncertainty, it’s now clear that the US economy will finish the year in a strong, if perhaps slowing, fashion. Annualized Gross Domestic Product (GDP) for the 3rd quarter shows economic growth of 5.2%, the fastest rate since the 4th quarter […]
by Pam Ziermann, Chief Compliance Officer As a regulated entity under both the Securities and Exchange Commission (SEC) and Municipal Securities Rulemaking Board (MSRB), Ehlers is bound by specific rules relative to recordkeeping for all business-related written communications between our employees and client contacts. Over the course of the last two years, the SEC has […]
