Housing and Redevelopment Authority Aug. 15, 2024
Sunday, August 18, 2024
Tax Increment Financing (TIF) and school district financing education
Review of HRA and City of Edina financial advisory relations
Presentation on school district funding formulas and property tax mechanics
Impact of TIF districts on school revenue and local property tax rates
Approval of HRA meeting minutes (July 25, 2024)
Votes (2)
Adopt the meeting agenda for August 15, 2024
Moved by Commissioner Agno · Seconded by Commissioner Pierce
Hold the draft minutes of the regular meeting on July 25, 2024 over to the next meeting
Moved by Commissioner Risser · Seconded by Commissioner Pierce
Notable Quotes (2)
School districts realize no loss of Revenue as a result of a Tiff District because the state formulas are driven by student enrollment.
The revenue is primarily driven by enrollment not driven by the tax base so as property values increase that does not mean that school districts are collecting more money.
People (7)
Chairs the HRA meeting and leads the discussion on TIF presentations.
Introduces the TIF presentation and clarifies school district impacts.
Organized the TIF presentation and invited external experts.
Expert consultant on school district funding and property taxes.
Expert consultant on school district funding and property taxes.
Expert consultant on TIF mechanics and redevelopment finance.
Manages public comments and hybrid meeting logistics.
Places Mentioned
Events & Meetings (1)
- August 15, 2024, HRA and Redevelopment Authority Meeting