Levy limits for local governmental units established.

This bill updates the rules for calculating property tax levy limits for local governmental units in Minnesota, taking effect for taxes payable in 2027 and later. It changes how the base amount for these limits is determined by using the final tax levy from the previous year instead of the prior year's levy aid base. Additionally, the bill modifies how the base is adjusted to account for inflation and population changes, removing previous caps on inflation adjustments and eliminating the factor for new construction growth. These changes aim to provide a more flexible framework for local governments to set their future property tax collections.