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Sandy Urban Renewal Agency adopts $7.2 million budget, sets tax increment
Summary
The Sandy Urban Renewal Agency adopted a two-year urban renewal budget of $7,207,507 and set the tax increment for the agency; staff noted a clerical labeling error that will be corrected in the final published document.
The Sandy Urban Renewal Agency adopted a two-year urban renewal budget totaling $7,207,507 and set the agency's tax increment after a public hearing in which no members of the public testified.
The budget covers the period beginning July 1, 2025, and running through June 30, 2027, and includes allocations staff said will fund reinvestment, continuing grant programs and the Cedar Park campus. The agency opened the hearing, received a staff recommendation to adopt, and voted unanimously to approve Resolution 2025-20.
At the start of the hearing the chair said, "I'm going to open the public hearing for the…
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