Regarding current proposed legislation:
Does anyone know the status of legislation that would limit the modification
of TIF district plans certified before May 1, 1990, thereby limiting the use
of such revenues for things like NRP? (SF#73; I forget the HF#)
Why is this issue/legislation getting no discussion (here or in the local
newspapers) given it's intended target is the city of Mpls? What is the
current status of negotiations (between the City -mcda/nrp/mayor/cc- and
state lawmakers)? How about an update from MCDA?
Michael Hohmann
13th Ward
http://www2.visi.com/mahco
> -----Original Message-----
> From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of
> List Manager
> Sent: Friday, March 16, 2001 2:44 PM
> To: Mpls list
> Subject: [Mpls] Legislative TIF discussions
>
>
> Given how TIF has become an issue in this year's city races, I thought I'd
> pass this on from the city of Minneapolis's legislative-watch update. -
> David Brauer, list manager.
>
> HOUSE PROPERTY TAX DIVISION BRUSHES UP ON TIF
>
> The Property Tax Division of the House Tax Committee devoted an entire
> meeting to the topic of tax increment financing (TIF). Joel
> Michael, House
> Research, provided an overview of tax increment financing. Michael's
> presentation included an expansion of how TIF works, charts on
> the extent of
> TIF use, a discussion of restrictions on the use of TIF, and a
> comparison of
> TIF and tax abatement authority.
>
> During his discussion, Michael mentioned that the "but-for" test has been
> criticized for the following reasons. It ignores a critical criterion of
> the public benefits relative to the public costs; is too narrow
> in focus in
> that it is limited to the district and ignores the effects outside the
> district; is ambiguous; only applies to the initial decision to create a
> district, and does not apply to later decisions to authorize new uses of
> increments; and is difficult, if not impossible to enforce
> judicially due to
> language that provides that a municipality's finding is conclusive.
>
> Questions from members focused primarily on the "butt-for" test,
> the extent
> of the use of TIF in the metropolitan area versus the balance of
> the state,
> the interplay between fiscal disparities and TIF, and the permissible uses
> of abatement.
>
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