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Tax Break Tracker Individual Entry

Each individual entry is a single program reported by a single jurisdiction in a given fiscal year. Because we want to track the level and quality of disclosure as well as the content, the values below -- with the exception of program names -- are entered exactly as they are reported. See our user guide for more explanations.

Effected JurisdictionRamsey County
Jurisdiction type: County
Fiscal year ending In2016
Program nameTax Abatements
Program purpose: General Economic Development
Statutory authority: MN Statutes, sections 469.1812 through 469.1815
Abating jurisdiction(s): Ramsey County, MN
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (no provisions for recapture)
Gross revenue loss: $91,740
Reimbursement / offset: $0
Net revenue loss: $91,740
Type of loss: Active
Additional notes on dislosureCAFR notes 1,376,099 in abatement is over 15 years. Amount displayed on TBT is divided by 15 to show per-year amount.
Document sourcehttps://www.ramseycounty.us/your-government/budget-finance/past-financia...