Washington Terrace RDA approves budget amendment moving $302,529 to Southeast Project Area

Sep 16, 2025

The Washington Terrace Redevelopment Agency on Sept. 16 approved Resolution 25-21, a fiscal-year 2025–2026 budget amendment that moves $302,529 in tax-increment revenue from the South Pointe Project Area to the Southeast Project Area after receiving the agency’s first tax increment, the city manager said.

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The Washington Terrace Redevelopment Agency unanimously approved Resolution 25-21 on Sept. 16, adopting a fiscal-year 2025–2026 budget amendment that reallocates $302,529 in tax-increment revenue from the South Pointe Project Area to the Southeast Project Area, City Manager Tom Hanson said.

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