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<br /> ------- <br /> I <br /> 1 FF-14. Price of Government I <br /> 2 Issue: The price of govemm~nt Icgisbtio;; enacted in 1994 was intended to llleasure the .. <br /> 3 overall effect of state and local taxation over a long period of time. The targets measure I <br /> 4 government revenues as a percent of personal income, Unfortunately, the targets have been <br /> 5 misinterpreted and used unfairly to criticize city tax and budget decisions, I <br /> Response: The price of government statutes as they apply to local governments should I <br /> be repealed. <br /> I <br /> IMPROVING LOCAL ECONOMIES I <br /> 1 LE-l. Tax Increment Financing I <br /> 2 Iss/le: The State of Minnesota has effectively delegated the responsibility for economic <br /> .. <br /> 3 development and redevelopment to cities. Unfortunately, neighboring states have given their <br /> 4 cities more economic development tools and, therefore, cities in these states have a I <br /> 5 competitive advantage over Minnesota cities. In Minnesota, tax increment financing is the I <br /> 6 only tool available to all cities in their economic development and redevelopment efforts, The <br /> 7 State, whether based on a lack of information or misinformation, has been critical of cities' I <br /> 8 use of the tool and has restricted the permitted uses instead of partnering with cities and I <br /> 9 encouraging their endeavors to improve and enhance the economic well-being of Minnesota <br /> I <br /> 10 and the growth and redevelopment of its cities. Cities have used tax increment financing <br /> 11 responsibly and examples of these positive uses abound. I <br /> 12 Response: To effectively compete with other states, Minnesota must provide its cities I <br /> 13 greater flexibility in the use of tax increment financing and other economic development .. <br /> 10 League of Minnesota Cities <br /> I <br /> ) <br /> ---- <br />