[Mpls] Bond rating questions and tax capacity

[Victoria Heller]

Carol Becker writes:

"Tax capacity isn't a "dirty little secret."  And it doesn't "reduce" the
taxable market value of Minneapolis real estate.  It is the formula for how
taxes are calculated."

Vicky here:  It would be nice for Ms. Becker to explain the following page
from the City's financial reports.  Market values have more than doubled
over the past ten years, while the City's tax capacity has dropped from $324
million to $295 million.

http://www.ci.minneapolis.mn.us/financial-reports/cafr2002/p136TaxCapMrktVal
.pdf

Vicky Heller
North Oaks and Cedar Riverside