2006 Minnesota Code
Chapters 365 - 368 Towns
Chapter 365 Town General Law
Section 365.43 NO DEBT, SPENDING BEYOND TAX LIMIT WITHOUT VOTE.
365.43 NO DEBT, SPENDING BEYOND TAX LIMIT WITHOUT VOTE.
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. A town must not levy more taxes in a year than are
authorized by law.
History: (1098) RL s 690; 1987 c 229 art 8 s 1; 2005 c 151 art 3 s 14
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