ST. PAUL, Minn. (AP) -- A key Minnesota lawmaker says a bill committing the state to aid in a massive Mayo Clinic expansion project needs a considerable makeover to get through her House committee.
House Tax Committee Chairwoman Ann Lenczewski says she's concerned that tax preferences Mayo is seeking could come at too steep a price. Bill sponsor Kim Norton of Rochester says she thinks tweaks will clear up the concerns.
Mayo wants a state commitment for more than $500 million in future bonding subsidies. In short, a portion of new income and sales tax revenues attributable to a multi-billion dollar expansion would be fed into public infrastructure upgrades.
Lenczewski argues a formula Mayo is relying on overstates the economic benefit. Her committee set the bill aside until next week.
All content © Copyright 2001 - 2013 WorldNow and KTTC, a Quincy station.
Persons with disabilities who need assistance with issues relating to the content of this station's public inspection file should contact Administrative Assistant Jodi Neyens at (507) 280-5104. Questions or concerns relating to the accessibility of the FCC's online public file system should be directed to the FCC at 888-225-5322, at 888-835-5322 (TTY) or at firstname.lastname@example.org.