Tax increment financing policy and use
Summary
Edina has used TIF since 1974 to build projects like Centennial Lakes and 50th & France parking. Commissioners want TIF needs disclosed earlier in the development process and are weighing district duration and how quickly tax capacity returns to the general fund.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Feb 5, 2026.
Impact analysis
TIF districts temporarily divert new tax capacity from the general fund; about 1.6% of the city's tax base is currently in TIF.
Developers get gap financing; the city gets larger, higher-value projects and less levy pressure in the long run.
School district and other taxing jurisdictions wait years for the tax capacity captured by TIF districts; neighboring land values can be affected.
Mentions & discussions (1)
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