Bill > SF3918

This bill grants the City of Chaska special authority regarding tax increment financing (TIF), a tool used by local governments to finance development projects. Specifically, it allows the Chaska Economic Development Authority to collect tax increment from a designated area, Chaska Tax Increment Financing District No. 23, for an extended period of up to 35 years from when it first starts receiving tax revenue from that district. This extension is an exception to a general rule found in Minnesota Statutes, section 469.176, subdivision 1b, which typically limits how long TIF districts can collect these funds. The bill also specifies that this change will only take effect after the governing bodies of the City of Chaska, Carver County, and Independent School District No. 112 meet certain procedural requirements outlined in Minnesota Statutes, section 469.1782, subdivision 2.

Budget and Finance

https://www.revisor.mn.gov/bills/94/2026/0/SF/3918/