Financial Statements – CITY OF ROBBINSDALE

(OFFICAL PUBLICATION)

Robbinsdale Economic Development Authority

Annual Disclosure of Tax Increment Districts for Year Ended December 31, 2015

* The fiscal disparities property tax law provides that the growth in commercial-industrial property tax values is shared throughout the area. In a tax increment financing district, this value sharing can either result in a decrease in tax increment financing district revenue or a tax increase for other properties in the municipality depending on whether the tax increment financing district contributes its share of the growth. Amounts displayed here indicate that the district did not contribute its growth in commercial-industrial property tax values and represents the resulting increase in taxes on other properties in the City for taxes payable in the year presented.

Additional information regarding each district may be obtained from:

Larry Jacobson, Finance Director

City of Robbinsdale

4100 Lakeview Ave. N.

Robbinsdale, MN 55422

(763) 531-1215

[email protected]

Published in the

Crystal-Robbinsdale Sun Post

August 18, 2016

583561

http://post.ecmpublishers.com/wp-content/uploads/sites/28/2016/08/583561-1.pdf

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