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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 JurisdictionHennepin County
Jurisdiction type: County
Fiscal year ending In2021
Program nameTax Increment Financing
Program purpose: General Economic Development (TIF)
Statutory authority: Minnesota Statutes 469.174
Abating jurisdiction(s): Various Cities and Authorities
Applicable taxesProperty Tax
Method of abatement: Tax Increment Financing (TIF)
Provisions for recapture: (not specified)
Gross revenue loss: $10,894,333
Reimbursement / offset: $0
Net revenue loss: $10,894,333
Type of loss: Passive
Additional notes on dislosureAbatements are passive, see ACFR for list of jurisdictions abating
Document sourcehttps://www.co.dakota.mn.us/Government/BudgetFinance/AnnualReport/Pages/...