On Oct 5, 2004, at 10:20 AM, Victoria Heller wrote: > > The total tax revenue for the City in 2003 was $250 million (rounded > for > simplicity). Of that, $69 million DID NOT GO TO THE GENERAL FUND. > Instead, > it was "captured" (DIVERTED) by 103 TIF Districts in Minneapolis. See > the > table on Page 7.... > http://www.citizensleague.net/blogs/homepageblog/archives/ > final_Journal_9-04 > .pdf > > I notice that St. Paul doesn't even appear on the Table.....maybe > that's why > St. Paul hasn't raised property taxes for 13 years. >
David Brauer replied: Additional context from the Citizens League report: Minneapolis is not even in the Top 20 cities in the state for percentage of net tax capacity tied up in TIF (it's 24th). Minneapolis has 15.2 percent of its net tax capacity in TIF. That's less that Chaska (20 percent), Mounds View (21.5 percent), Fridley (15.4 percent) and Osseo (15.4 percent), among others. Remember, St. Paul is the city that subsidizes office buildings (Mpls never has) and recently loaned Gander Mountain up to $3,000 per job to relocate 200 jobs to their downtown (see http://www.startribune.com/stories/535/4995528.html). Context is a beautiful thing. Mark Anderson replies in turn: David, I agree that Vicky is misleading in implying that Minneapolis in alone in subsidizing developers. But still her initial point that an awful lot of our property taxes are tied up in TIF is certainly important. To my mind, that is a major use of tax money that should be a major issue at election time. I've often heard that most of these TIF monies are sins of the previous administrations, but I wonder if our current office holders have truly turned over new leaves. Recently I've heard about TIF for the Sears site, and also for the site that Sabri is mixed up in. I wonder how many other TIF sites are being added that don't get as much publicity? Is there a way we can find out how much new tax capacity has been added to TIF since Rybak became mayor, compared to the previous years? Vicky, you're good at finding such numbers, do you know the answer to that? By the way David, your numbers don't tie to Vicky's. She said $69 million out of $250 million went to TIF, which is 27.6%, whereas you say it's 15.2%. For some reason I can't get to Vicky's site to check it out. What is your reference? Thanks Mark V Anderson Bancroft 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
