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HRA staff reports $37 million in tax increments for pay 2025; 58 TIF districts capture 7% of St. Paul tax base
Summary
Debt manager Jenny Wolf told the Housing and Redevelopment Authority (HRA) that pay 2025 tax increment financing (TIF) collections are expected to total about $37 million, highlighted recent outcomes inside TIF districts and explained debt exposure and pooling for affordable housing and public improvements.
The Housing and Redevelopment Authority heard an informational update on tax increment financing (TIF) at its meeting on May 7, 2025, where debt manager Jenny Wolf summarized pay 2025 collections, outstanding TIF debt and examples of how collected increments are spent.
Wolf said pay 2025 will include tax increments from 58 TIF districts, with $31.4 million attributable to HRA TIF districts and $5.6 million to port TIF districts. "For these 58 TIF districts, they're capturing 7% of St. Paul's tax base," she said, noting the city aims to stay below 10%.
The presentation put recent TIF outcomes in context. Wolf listed 26 housing TIF districts that have created 3,058 housing units to date (2,057 affordable rental and 50 affordable ownership), and 18 redevelopment TIF districts that have…
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