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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 JurisdictionBloomington
Jurisdiction type: Municipality
Fiscal year ending In2020
Program nameTIF - Pay-As-You-Go - Port Authority
Program purpose: General Economic Development
Statutory authority: Minnesota Statutes 469.174 to 469.1794 (Tax Increment Financing)
Applicable taxesProperty Tax
Method of abatement: TIF
Provisions for recapture: (not specified)
Gross revenue loss: $771,839
Reimbursement / offset: $0
Net revenue loss: $771,839
Type of loss: Active
Additional notes on dislosure(none)
Document sourcehttps://www.bloomingtonmn.gov/fin/financial-reports