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: | 2019 |
| 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: | $13,234,670 |
| Reimbursement / offset: | $0 |
| Net revenue loss: | $13,234,670 |
| 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 "twenty other cities and authorities" |
| Document source: | https://www.hennepin.us/your-government/budget-finance/financial-reports |
