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Board approves Clark County Redevelopment Agency FY2026 budget, sets $5.5 million reserve
Summary
The Board adopted the Clark County Redevelopment Agency FY2026 final budget and agreed to a $5,500,000 ending fund balance after discussion about preserving a portion of long‑term redevelopment funds; projected FY26 property tax increment revenue is roughly $20.2 million (Winchester Town driving majority).
The Clark County Board of Commissioners on Wednesday adopted the fiscal year 2026 budget for the Clark County Redevelopment Agency (RDA) and directed staff to include a $5,500,000 reserve rather than budgeting a zero ending balance.
Jessica Colvin, staff member, presented the RDA overview and said the agency was created in December 2002 with a 2003 base assessed value; increases above that base generate the property tax increment that funds the RDA. Colvin said the presentation did not include increment from areas expanded into the RDA in FY2025, noting a timing issue among finance, treasurer, assessor…
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