Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Tax Increment Financing topic
No spam. Unsubscribe anytime.
Saint Louis Park EDA approves early decertification of several TIF districts to boost affordable housing fund
Summary
The Economic Development Authority approved a consent item to decertify multiple tax increment financing districts earlier than scheduled so more property tax revenue will flow to the Affordable Housing Trust Fund and help lower the general levy in 2026, a move supporters said followed lengthy deliberation.
The Economic Development Authority of Saint Louis Park voted to approve a consent agenda item that includes the early decertification of several tax increment financing (TIF) districts, officials said during the EDA meeting on Nov. 17, 2025.
Commissioner Brousen said the board chose to decertify a number of TIF districts “a little bit early” to increase the overall tax base for the city in 2026 and to direct additional funding to the Affordable Housing Trust Fund. “We made the conscious decision after much deliberation to decertify these districts to increase the overall tax base for the city in 2026 and try to bring down the general levy,” Brousen said.
Supporters framed the action as a financing decision meant to shift incremental property tax revenue from TIF capture back to the city’s general and program funds, including the housing trust. The EDA approved the consent agenda and the item was carried by voice vote; no roll-call vote or tally with named votes was recorded in the meeting transcript.
The motion to approve the EDA consent agenda was moved and seconded during the EDA portion of the meeting and the EDA chair closed discussion before taking the voice vote. The consent approval covered three items in total; the decertification measure was the only substantive policy item described in the public portion of the EDA discussion.
The council and EDA did not provide a formal implementation timeline or state which specific TIF district identifiers would be affected in the oral remarks recorded in the transcript. Those details were not specified in the meeting record and were not included in the spoken remarks preserved in the transcript.
Next steps: the EDA recorded the approval by voice vote and adjourned; any ordinance, final resolutions or budget adjustments required to implement the decertifications were not detailed on the record during the meeting.
