August 15, 2026 - Annual Disclosure must be published

Pursuant to Minn. Stat. § 469.175, subd. 5, a development authority must, no later than August 15, 2026, publish in a newspaper of general circulation an annual statement disclosing information regarding the Tax Increment Financing (TIF) districts located within the municipality. All TIF districts required to report to the Office of the State Auditor (OSA) must be included in the annual disclosure statement (ADS). Publication of the ADS is required, even if the amounts are zero.

The authority must provide a copy of the ADS (whether the statement has been or will be published) to the OSA, the County Auditor, County Board, and the governing body of the municipality, if different from the authority, by August 1, 2026. The "ADS" tab in the TIF Annual Reporting Form is used to facilitate this requirement for the OSA. It is not necessary to submit an additional affidavit of publication to the OSA.

A development authority with multiple TIF districts may publish the ADS as a table with each district being a column and lines 4-12 representing the rows of the table.