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Resident urges Edina board to reject proposed five-year extensions of two TIF districts
Summary
A member of the public urged the school board to vote against proposed five-year extensions of two tax-increment financing districts, arguing the districts would freeze net tax capacity and reduce school revenue for decades while committing large public funds to development projects.
During the public-comment portion of Monday’s Edina school board meeting, resident Ralph Zichert urged the board to oppose two proposed five-year extensions of existing tax-increment financing (TIF) districts that will come before the board by Dec. 31 and for which the city council adopted related resolutions on Aug. 19.
Zichert said he respects the…
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