05-09-1994 EDA - Laserfiche WebLink

Home Browse Search

�� �'v '`�r � ti:� .� ��.i �a � -`� .:i� �oard of �/��mse �o �n� ..��oPn.tzzlss�on ers .� .'� Present2d By Commissioner Schaber Date SeDCemb�Y �3, 1982 � M0. 82-73� Att�nt�on: Budget & accounting; L. McKenna, Froperty Tax; All Municipality Clerks, Ramsey Councy; WHEREAS, Tax increment financing districts are being created in Ramsey County in increasing numbers and for 51gnificant amounts, and WHEREAS, The 7ack of availability of d1�Cernative financing methods suggests that reliance on tax increment financing will continue to increase in the future, and WHEREAS, Tax increment financing adversely affects the County's tax base and artific7ally inereases the County's property tax mill rate, and WHEREaS, The County has no staiutory authority �o limit the use of tax i ncrerr�nt fi nanci ng, and WHEREAS, The County feels that it is necessary to express its concern to all municipalities in Rart�sey County about the us� of tax increment financing; Now, Therefore Be It RE50LVED, Tha� the Board of Ramsey County Commissioners hereby adopts the following policy statement which shall be the official County comnent for all tax increment projects proposed in Ramsey County: The rapid groWth in t�e creation of tax increment finaneing districts is of increasing con�ern to Ramsey County. It shouid be noted that all increases in assessed valuation o�er the base year vrould be captured, whe�her or not they are generated by economic development activity carried on by the authority. 7�e County's tax base is.affected adversely at a time when �here is additional reliance on ad valorem property taxes because af the reduction in state and federal aids. Also, Ramsey County finds it objectionable, that under present statutes, prov7sion is made for comment only, rather than statutory power for counties to limit or contro' the use of tax increment financ�ng. Ramsey County recognizes that tax increment finaneing is one of the tools ava�lable to encourage development or redeve7op- men� within a municipality. However, caut7ous and judicious u5e of the tax increment fznancing vehicle is necessary to insure that it is not abused. The County would like to see all municipalit�es uho use �ax increment financing develop a strategy which encourages development while protecting ti�e municipality and its taxpayers from unnecessary expense by kOB�KT J. OR7'H, Cirn.i�►1rs�n gy �continued- ,,. r „. _ �,,,,Nr„ tz��„ r i � �. �,^ � rr-t n� ��— rr -� tl� tA , �p� �� /l1.'�.� � a 9��9�809�� 'OI�I��' 1 � l ��.�/v l : � l vo ,�0 '�01�1n�� _�`��-��-� l9 � �l�J� '�a �I��0,�1 � 5,�'� i ��