Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Estacada urban renewal budget committee approves FY 2025–26 budget, retains tax-increment cap
Summary
The Estacada Urban Renewal Agency Budget Committee approved the proposed FY 2025–26 budget and voted to assess the maximum taxes allowed under the district while continuing to wind down the district through its June 2027 end date.
The Estacada Urban Renewal Agency Budget Committee voted to approve the proposed fiscal year 2025–26 budget and to assess the maximum taxes allowed for the Urban Renewal District.
The committee’s budget presentation outlined the district’s remaining authority, planned spending for 2026 and the use of tax increment financing to pay down existing projects. “Urban renewal is a tool that is, allowed by law in Oregon for economic development,” the budget presenter said, describing the district as time- and location-limited and noting the current downtown district is scheduled to end in June 2027.
The presenter summarized the district’s finances and work: the district’s maximum indebtedness is $6,600,000 and the presenter estimated total spending…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
