Services

Tax Increment Analysis/Reporting

Northland's expertise in tax increment financing (TIF) includes assisting our clients with the creation of TIF districts, authoring TIF plans, providing cash flow management/analysis of TIF revenues, assisting clients with the preparation of State Auditor reports and completing financings, whether as General Obligation TIF Bonds, TIF Revenue Bonds or TIF Revenue Notes. We have staff with more than 30 years of experience working in all areas of tax increment.

We focus on both tax increment debt management and tax increment reporting. TIF debt management includes analyzing the revenues available to support existing tax increment debt service and re-assessing expected coverage levels. With the compression of industrial/commercial class property tax rates in recent years (especially in payable year 2002), we feel that it is especially important for our clients to evaluate original projected cash flows related to their tax increment debt, and utilize more current TIF projections to update those cash flows.

We have been providing assistance with the annual TIF reporting required by the Office of the State Auditor (OSA) for almost a decade. Often, our initial involvement begins when a city receives questions from the OSA related to an annual report they have submitted. In some cases, that initial involvement has led to the need for restructuring TIF transactions, even dating back to the creation of a TIF District. Given the complexities and ever-changing nature of TIF law and state requirements, our expertise in this area can be an invaluable resource for our clients.