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2017.09.06 EDC Packet
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2017.09.06 EDC Packet
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Management Review & Analysis – Tax Increment Financing Districts City of New Brighton Page 13 July 2017 Assumptions Before discussing the findings of the current TIF analysis, it is important to understand the assumptions used in making these projections. 1. Fund balances shown are based on actual audited amounts for December 31, 2016. 2. Pay 2017 revenues are based upon final tax increment calculations, assuming 100% collections. Pay 2018 projections are based on Final Pay 2017 revenues, assuming 100% collection. 3. Projected revenues do not account for additional development outside of the New Brighton Exchange or inflation of existing values. Projected revenues also do not account for decreases or increases in the tax rate or inflationary changes on taxable value. 4. Interest revenue is projected at 3% of beginning fund balance.
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