Washington Terrace RDA approves Resolution 25-08 to amend FY2025 budget after tax-increment report

May 20, 2025

The Washington Terrace Redevelopment Agency unanimously approved Resolution 25-08 amending the Fiscal Year 2025 budget after staff reported $196,000 in tax-increment revenue tied to the Southpoint RDA area and outlined a proposed allocation split (3% administration, 10% CRA housing component, 87% for future RDA activities).

The full story

Chair Mark C. Allen presided over the Washington Terrace Redevelopment Agency meeting on May 20, 2025, where the board unanimously approved Resolution 25-08 to amend the Fiscal Year 2025 budget following a staff report on recent tax-increment receipts.

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