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City of Little Canada, MN Management Review & Analysis – Tax Increment Financing Districts 6 Comparative Captured Tax Capacity, Tax Rates, and Bond Ratings Comparable CitiesPay 2021 City Tax RateBond RatingSt. Anthony 14.2% 64.021% AAMounds View 9.8% 35.569% AANew Brighton 8.9% 34.572% AA+Robbinsdale 6.5% 52.143% A1North St. Paul 5.4% 38.179% Aa2Little Canada4.6% 23.983% AA+Shoreview 3.7% 32.331% AAAWhite Bear Township 2.8% 24.142% A1/AAAMaplewood2.7% 41.953% Aa2Arden Hills 1.9% 25.089% AAARoseville 1.6% 37.071% AAAVadnais Heights 0.6% 23.298% NoneHugo 0.0% 39.294% AA+Captured Tax Capacity as a % of Tax Base Obligations of the TIF Districts The revenues from the City’s TIF districts are largely site specific, meaning that the revenues are restricted by law and by contracts with developers to be spent on improvements to specific sites. The annual TIF revenue generated may be pledged to pay debt service on outstanding bonds, interfund loans and developer pay-as-you-go (PAYGO) notes. The specific obligations for each TIF District are listed in the following chart.