Jon Hansen: “There's three to four billion dollars worth of land that…”

“Well, I think you look at these TIF situations that have grown over time, and when we got the reports at the task force meeting, There's three to four billion dollars worth of land that would otherwise be property tax [revenue]. Just like your house is taxed and my house is property taxed, but instead they get a tax write off because the local government voted them a big tax break.” (15:19–15:29)

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.