| Legislature Home | Links to the World | Help | Search |
|
|
| House | Senate | Joint Departments and Commissions | Bill Search and Status | Statutes, Laws, and Rules |
The table below shows the history of TIF bond use in Minnesota. It is compiled from State Auditor Reports of Cities and Counties Revenue and Expenditures.
| TIF Bonds by Type 1978-2008 (amounts in thousands) |
||||||||
| Year | General Obligation Bonds |
Revenue Bonds |
Total Bonds |
Year
|
General Obligation Bonds |
Revenue Bonds |
Total Bonds |
|
| 1978 | NA | NA | $119,673 | 1994 | $985,363 | $379,885 | $1,365,248 | |
| 1979 | NA | NA | $171,494 | 1995 | $1,037,464 | $361,175 | $1,398,639 | |
| 1980 | NA | NA | $214,336 | 1996 | $977,804 | $382,604 | $1,360,408 | |
| 1981 | NA | NA | $269,370 | 1997 | $1,019,823 | $387,360 | $1,407,183 | |
| 1982 | NA | NA | $331,023 | 1998 | $1,032,352 | $295,093 | $1,327,445 | |
| 1983 | NA | NA | $349,962 | 1999 | $1,053,429 | $249,157 | $1,302,586 | |
| 1984 | $221,830 | $140,905 | $362,735 | 2000 | $1,079,873 | $222,614 | $1,302,487 | |
| 1985 | $500,783 | $165,415 | $666,198 | 2001 | $1,040,188 | $212,290 | $1,252,478 | |
| 1986 | $592,567 | $226,925 | $819,492 | 2002 | $982,152 | $211,723 | $1,193,875 | |
| 1987 | $648,895 | $276,653 | $925,548 | 2003 | $959,395 | $192,731 | $1,152,127 | |
| 1988 | $774,352 | $308,700 | $1,083,052 | 2004 | $938,045 | $209,201 | $1,147,246 | |
| 1989 | $756,345 | $450,792 | $1,207,137 | 2005 | $845,937 | $191,029 | $1,036,966 | |
| 1990 | $960,450 | $428,202 | $1,388,652 | 2006 | $765,310 | $182,935 | $948,245 | |
| 1991 | $901,258 | $410,255 | $1,311,513 | 2007 | $808,708 | $183,648 | $992,356 | |
| 1992 | $880,632 | $402,407 | $1,283,039 | 2008 | $756,566 | $102,257 | $858,823 | |
| 1993 | $971,994 | $396,720 | $1,368,714 | |||||
Note that the amount of bonds, particularly revenue bonds, can fluctuate considerably from year to year. This tends to be the result of large cities paying off or issuing large amounts of bonds. For example, between 1997 and 1998 three large cities (Bloomington, Minneapolis, and St. Paul) accounted for virtually all of the $92 million reduction.
October 2010