[Mpls] State deficit, local problems

[Mark Engebretson]

David writes to Lisa:
This is interesting...are you saying there's no way the mayor and
council can shift money from NRP to the general fund?


Mark E. writes:
I believe that is correct. NRP money comes from tax-increment financing (TIF) districts. If not for the districts, the money would flow to the general funds of the city, county and school district. The basic concept of setting up a TIF district is to allow cities to capture the property taxes and use for development, not for general fund expenditures.

Mark Engebretson
Ward 8
Field Neighborhood

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