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In <br />T-T -51 <br />1500 Nol P <br />i <br />38100 West 8,oth Street <br />Bloomington, Minnesota 554,31 <br />(155 12) 893-6650 <br />........... <br />TO: M,LC Opleriati'lng Committee <br />FROM: Bob Renner, Jr, <br />DATE .1@ March 1,2, 1990 <br />RE: Letter to the Editor Bullets 400- Flat Tax <br />40 <br />'The flollowl"ng, memorandum wi'll assist you in providing <br />information for Letters to the Edintor which city mcanagers have <br />6L 0 <br />assilaned to wriate for their elected officials or Intereste <br />No <br />constituents as outlined 'in the MLC,s Pub!-1c Relations <br />Implementation Plan. <br />Legislation has been introduced in the Mi*nnesota House of <br />Representatil-veis and the State Senate to set by law a singl <br />a on residential and farm homesteads. I <br />1 <br />This legisilati,on, S.F. 2474,, Introduced by Senator Fritz <br />Knaak (IR � White Bear Lake) and H.F. 2740, introduced by <br />Representative Kathleen Blatz (�IR - Bloomington) would <br />estaIlish a single rate on homes. This legislation would <br />0 <br />rieiplace tihe current system that sets progressa-ve propertv <br />tax rates. <br />The current system sets a rate of 1% of market value on the <br />I <br />first $68,000, 2% of' market value between $68,000 and <br />$100,1000, and 3% on all, value in, excess of $100,000. <br />Member Cifiles- Bloomington. BroloWyn Par-12, Bumsville, Eagan. <br />0 <br />Eiden Prairie, Edina, Inver, Grove Heightsi. Maplie Grove, Maplewood, Minneton�a. <br />Plvmouth, Pos;mfllie, Shoreview. Wbite Bear Lake. Woodbury <br />