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<br />-. <br /> <br />. <br /> <br />. <br /> <br />TAX INCREMENT FINANCING <br /> <br />The following chart illustrates the amount of tax capacity which is captured by <br />tax increment financing districts. For taxes payable 1994, 7.17 percent of the <br />City's tax capacity was captured by TIF Districts. For taxes payable 1999, only <br />1.82 percent is tax increment tax capacity. Many metro communities have 10 to <br />20 percent and a few up to 30 or more percent of their tax capacity in TI F <br />Districts. By comparison, Elk River's tax increment financing tax capacity has <br />always been well below the average. As properties within TIF 19 come on line, <br />this percentage will of course increase. <br /> <br />TAX CAPACITY AND TAX INCREMENT FINANCING TAX CAPACITY <br />TEN YEAR HISTORY (1989 - 1998) <br /> <br />14,CXXl,CXXl <br /> <br /> <br />12,CXXl,CXXl <br /> <br />10,CXXl,CXXl <br /> <br />f! 8,CXXl,CXXl <br />.l!! <br />'0 <br />Q <br /> <br />6,CXXl,CXXl <br /> <br />4,CXXl,CXXl <br /> <br />2,CXXl,CXXl <br /> <br />1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 <br />Year <br />III Taxable Tax Capacity IJ Tax Increment I <br /> <br />9 <br />