I would have picked up on his thread earlier but I had relatives in town this weekend and wasn't cleaning off e-mails. All the jurisdictions involved in a TIF district must sign off for the money to be funneled into the district. If the city decides to put money into the general fund from TIF it most vote to decertify the districts and put it back into the general fund pot.
Since TIF has been cut by one-third by the legislature, there's not to much slush money around, so the most natural place to fund NRP would be through MCDA development levy money. However this would be a TAX on citizens. Plus I can't imagine in a era of cost cutting statewide, the legislature would look very kindly on this.
Lisa McDonald
East Harriet
----- Original Message -----From: Mark EngebretsonSent: Thursday, December 05, 2002 8:13 AMTo: [EMAIL PROTECTED]Subject: [Mpls] State deficit, local problemsDavid 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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