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Hermiston Urban Renewal Agency approves $11.6 million FY2025–26 budget, transfers funds to district accounts
Summary
The Hermiston Urban Renewal Agency adopted an $11.6 million FY 2025–26 budget and set up separate funds for downtown and north urban renewal districts; staff described planned spending including land acquisition on Aspen Drive and facade grant funding.
The Hermiston Urban Renewal Agency adopted its FY 2025–26 budget on June 9, approving an $11,600,000 spending plan and establishing separate funds for district-level accounting.
Agency staff member Spencer told the board the agency is switching to a new accounting approach and will create separate funds for each district. "This year we're looking at a budget of $11,600,000 for the Urban Renewal Agency," Spencer said. He reported an…
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