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 or Territory: | Minnesota |
Effected Jurisdiction: | Hennepin County |
Jurisdiction type:![]() | County |
Fiscal year ending In: | 2018 |
Program name: | Tax Increment Financing |
Program purpose:![]() | General Economic Development (TIF) |
Statutory authority:![]() | Minnesota Statutes 469.174 |
Abating jurisdiction(s):![]() | Various Cities and Authorities |
Applicable taxes: | Property Tax |
Method of abatement:![]() | Tax Increment Financing (TIF) |
Provisions for recapture:![]() | (not specified) |
Gross revenue loss:![]() | $11,770,718 |
Reimbursement / offset:![]() | $0 |
Net revenue loss:![]() | $11,770,718 |
Type of loss:![]() | Passive |
Additional notes on dislosure: | Abatements are passive, by agreements made by the following jurisidictions: Eden Prairie City, Hopkins City, Minneapolis City, Minnetonka City, Richfield City, St Louis Park City, Wayzata Housing & Redevelopment Authority, and "eleven other cities and authorities" |
Document source: | https://www.hennepin.us/your-government/budget-finance/financial-reports |