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.
| State: | Minnesota |
| Effected Jurisdiction: | Bloomington |
Jurisdiction type: | Municipality |
| Fiscal year ending In: | 2022 |
| Program name: | TIF - Pay-As-You-Go - Port Authority |
| Program purpose: | General Economic Development |
| Statutory authority: | Minnesota Statutes 469.174 to 469.1794 (Tax Increment Financing) |
| Abating jurisdiction(s): | Port Authority |
| Applicable taxes: | Property Tax |
| Method of abatement: | Tax Increment Financing (TIF) |
| Provisions for recapture: | (not specified) |
| Gross revenue loss: | $1,365,839 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $1,365,839 |
| Type of loss: | Active |
| Additional notes on dislosure: | (none) |
| Document source: | https://www.bloomingtonmn.gov/sites/default/files/2023-06/22%20ACFR%20Fi... |
