Levy limits establishment for cities and counties

This bill establishes new levy limits for cities and counties in Minnesota, taking effect for property taxes payable in 2027 and beyond. It changes how the base for property tax limits is calculated, using the final certified levy from the previous year instead of historical data, and adjusts the limit based on changes in the implicit price deflator rather than household growth or new construction values. The bill also modifies the process for approving additional levies above the limit, allowing local governments to pass such levies through a unanimous vote of their governing body with public notice, replacing the previous requirement for a voter referendum. Local governments must post the resolution and hearing notice on their website and in a local newspaper for two weeks before the public hearing.