Saint Paul file RES PH 26-138, before the Saint Paul City Council. Passed as of 2026-06-10.
Latest action: Passed
Property tax revenue diverted to fund local development Tax increment financing captures future property tax growth in the Seventh Place redevelopment area and dedicates those revenues to infrastructure and project costs, rather than general city services, for an unspecified period.
Downtown development encouraged through public-private partnership model The TIF district and required project labor agreement aim to stimulate private investment and job creation in the Galtier Plaza area while ensuring prevailing wage standards on construction work.
TIF diverts tax base from schools and other services While growth-area property taxes are frozen for TIF purposes, schools and other taxing entities forfeit the incremental revenue they would otherwise receive, which can reduce funding for education and public services during the district's lifespan.
Read the official record for RES PH 26-138
See everything up for a vote · This week in Saint Paul · See what we have filed with the clerk