City of St. Peter local sales tax provision modification

This bill modifies the existing local sales tax for the City of St. Peter, increasing the authorized revenue amount and adjusting how the funds can be used. It allows the city to raise up to 0.5% in sales tax to finance specific projects, including a new fire station and park improvements, while also permitting the use of tax revenue to cover debt payments on bonds. The legislation raises the total bond limit from $9.121 million to $11.85 million and extends the potential duration of the tax from 40 years or until project completion to cover the increased costs. Additionally, the bill removes the requirement for a separate voter election to approve the issuance of these bonds.