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Independence Urban Renewal Agency adopts 2025-26 budget
Summary
The Independence Urban Renewal Agency adopted its fiscal year 2025-26 budget and certified its maximum tax increment amount following a public hearing.
The Independence Urban Renewal Agency (URA) met on June 10 and adopted its FY2025-26 budget following a public hearing.
Board members adopted the URA budget and appropriations as presented. The resolution recorded in the meeting packet (listed as Resolution 2025-R1) shows a budget amount of $1,610,537 and appropriations in the packet text of approximately $1,000,610. The URA opened a public hearing on the budget and reported no public testimony that altered the proposed figures.
A motion to adopt the URA budget was moved by Councilor Kors and seconded by Councilor Morton; the board then conducted a roll-call vote with members recording affirmative votes. The action completes the URA’s required annual budget adoption process and certifies the maximum tax increment levy for the renewal district.
Staff follow-up: URA staff will file the adopted budget and the certified maximum tax increment with the required county and state offices as part of routine year-end and tax-certification procedures.
