The newly updated LMC Budget Guide for Cities, which contains 2019 law changes, is now available.
With the guide, you’ll learn about new state laws that can affect city budget decisions for 2020, including changes to retainage of contractor payments and new Public Employees Retirement Association (PERA) contribution levels for police and fire personnel. You’ll also get such information as cost-of-living adjustments, local government aid (LGA) updates, and more.
The Budget Guide for Cities also provides tax notification hearing dates (sometimes called “truth in taxation” or “TNT”) and details on the new PERA service credit purchase authority. In addition, it contains the coming year’s League dues, as well as a discussion on estimating the costs of health benefits and League of Minnesota Cities Insurance Trust coverage.