ST. PAUL, Minn. - 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.
(Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)