Agenda - Council - 04/28/1981 - Laserfiche WebLink

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0 0 r - J ro league of minnesota cities s . April 17, 1981 TO: Mayors, Managers, Clerks and Legislative Contacts FROM: Peggy Flicker, Legislative Counsel 0 RE: TAX INCREMENT FINANCING - S.F. 635 On Friday, April 10, a subcommittee on the Senate Tax Committee passed S.F. 635 on to the full Tax Committee. The bill as amended has numerous unacceptable sections which pose serious threats to Tax Increment Financing (TIF). The chief author of the bill is Senator Mary Hanson of Hallock, who is also assistant majority leader. The League is aware that Senator Hanson has some serious concerns with TIF, particularly as it relates to use in economic development districts (as opposed to redevelopment districts). The League has already told Senator Hanson that city officials hope to work with him in addressing his concerns, and he has been responsive to some of our input thus far. It is unclear at this point just which of our amendments he will accept and which he will oppose. THE LEAGUE NEEDS YOUR HELP SO THAT WE CAN AMEND THE BILL IN THE SENATE TAX COMMITTEE. THIS ACTION ALERT SUMMARIZES EACH UNACCEPTABLE SECTION OF S.F. 635, DESCRIBES THE LEAGUE AMENDMENT WHICH WILL BE PROPOSED, AND EXPLAINS THE PROBLEMS WHICH CAUSE THE NEED FOR AN AMENDMENT. WHAT YOU SHOULD DO NOW Contact your Senator now - in person, by phone, or by mail. Contact Senate Tax Committee Members (see attached list), particularly Senator Hanson and Senator Doug Johnson, Committee Chairman. Ask your Senator and members of the Senate Tax Committee to support the League of Minnesota Cities' sponsored amendments to S.F. 635. If your city has used TIF, remind your Senator of that fact and point out the good things that have been accomplished through TIF. Come to the Senate Tax Committee meeting when S.F. 635 is heard. The League will notify you of time and place. 300 hanover building. 4BO cedar street, saint paul. minnesota 55101 CB121 222 -2BB1 (OVER)