I'm not following this as closely as I used to, but I think the reason why tax capacity may have dropped while market values have increased significantly has to do with the reduction in commercial/industrial tax rates. In the mid-1990s, CI rates were about five times greater than residential rates. That gap has diminished significantly based on changes at the Legislature.
Vicky wrote: Vicky here: It would be nice for Ms. Becker to explain the following page from the City's financial reports. Market values have more than doubled over the past ten years, while the City's tax capacity has dropped from $324 million to $295 million. Mark Engebretson Field Neighborhood REMINDERS: 1. Think a member has violated the rules? Email the list manager at [EMAIL PROTECTED] before continuing it on the list. 2. Don't feed the troll! Ignore obvious flame-bait. For state and national discussions see: http://e-democracy.org/discuss.html For external forums, see: http://e-democracy.org/mninteract ________________________________ Minneapolis Issues Forum - A City-focused Civic Discussion - Mn E-Democracy Post messages to: mailto:[EMAIL PROTECTED] Subscribe, Un-subscribe, etc. at: http://e-democracy.org/mpls
