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aequr <br /> Tax Increment Financing in 'Winne <br /> Considerations of LGAJB.ACA <br /> • Effective for TiF districts approved atter April 30, 1990, the <br /> City may experience. a reduction in its Local Governmental <br /> Aid (LGA) and/or Homestead Agricultural Credit Aid (HACA). <br /> • City must compute the hypothetical reduction in state aids to <br /> school districts if the new TiF value is included in the school <br /> district tax base. The difference between the actual aid and <br /> the hypothetical aid will result in a reduction of the City aid. <br /> This reduction is applied first to LGA and then, if necessary, <br /> to the City's HACA. <br /> • Depending on the type <br /> phased. This is an annual r dF uct on sand the Ststrictthe ate <br /> on <br /> may be <br /> Departments of Revenue and Education will make these <br /> calculations. <br /> PERCENT OF CAPTURED NET T..--a CAP CIT • <br /> Y <br /> Years from THAT IS «QL�,IFY <br /> VG„ <br /> Assessment E..onamic <br /> Development Qualified <br /> Year of or Soils Condition Renewal and <br /> ONTO Manufacturing Renovation <br /> Di tri Dia Other <br /> Di rice Dis_tric,s <br /> 1 100.00% <br /> 2 100.00 0.00% 0.00 <br /> 3 20.00 0.00 <br /> 100.00 40.00 0.00 0.00 <br /> 4 100.00 0.00 0.00 <br /> 100.00 60.00 0.00 <br /> 80.00 0.00 <br /> 6 100.00 100,00 0.00 . 0.00 <br /> 7 100.00 12.50 6.25 <br /> 8 100.00 100.00 25.00 <br /> 9 100.00 12.50 <br /> 100.00. � 100.00 37.50 18.75 <br /> 10 100.00 50.00 25.00 <br /> 100.00 62.50 <br /> 12 100.00 75.00 31.25 <br /> 11 100.00 <br /> 132 100.00 - 37.75 <br /> - 87.50 43.75 <br /> - 100.00 50.00 - <br /> 14 - 100.00 56.25 <br /> 15 <br /> 16 -' 100.00 <br /> - <br /> 17 62.50 <br /> 18 -" - 100.00 68.75 <br /> - 100.00 75.00 <br /> 198 - - 100.00 81.25 • <br /> - 100.00 87.50 <br /> 20 -21 and Over - - 100.00 Q <br /> 100.00 100.75 <br /> 0.00 <br /> Page 8-8 <br />