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14.79% by Anoka County, 54.51% by Independent School District No. 11, and 1.61% <br />by other taxing jurisdictions. <br /> <br />Applying each taxing, jurisdiction's percentage of the total tax capacity rate to the <br />projected increment reveals the annual "loss" of tax dollars by each jurisdiction if the <br />project had occurred without TIF. Although the City believes the actual impact on <br />other taxing jurisdictions is zero because the development would not have occurred <br />without public intervention, the assumed amount of tax dollars foregone by each <br />jurisdiction is listed in Table I below. <br /> <br />TABLE I <br />Percent of Tax Increment Attributable <br />to Various Taxing Jurisdictions <br /> <br />Taxing <br />Jurisdiction <br /> <br />City of Ramsey <br />Anoka County <br />Independent School Dist. No. 11 <br />Other <br /> <br />Tax Capacity Percent of Estimated <br />Rate (TCR) Total TCR Tax Loss <br /> <br />27.425 29.09% $21,584.78 <br />13.942 14.79% $1 0,974.18 <br />51.384 54.51% $40,446.42 <br />1.519 1.61% $ 1,192.62 <br /> <br />TOTAL 94.270 100.00% <br /> <br /> Table II, below, shows the additional tax capacity rate needed to compensate <br />each taxing jurisdiction for "lost" tax dollars. The increased tax capacity created <br />within TIF District No. 5 will eventually permit a tax capacity rate decrease. <br />Nevertheless, assuming that increment generated during the TIF District's life is lost <br />to other taxing jurisdictions, Table II shows how much the tax capacity rate for <br />property outside the TIF District would have to be increased to raise the same number <br />of tax dollars. <br /> <br />TABLE <br /> <br />Hypothetical Tax Capacity Rate Increase, by Taxing Jurisdiction <br /> <br />Taxing 1989 (Payable) Estimated TCR Increase <br />Jurisdiction Tax Capacity Tax Loss Required <br /> <br />City of Ramsey <br />Anoka County <br />Independent School Dist. No. 11 <br /> <br />$5,238,714 $21,584.78 4.12 <br />$1 33,879,942 $1 0,974.18 .081 <br />$76,616,095 $40,446.42 .528 <br /> <br />W. Annual Financial Report. <br /> <br /> Pursuant to Section 469.175, Subd. 6 of the TIF Act, the City must file an <br />annual financial report regarding TIF District No. 5. The report shall be filed by July <br />1 of each year with the school board, the county board and the state auditor. The report <br />to be filed by the City sha~l include the following information: <br /> <br /> <br />