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Redevelopment Agency adopts FY2025-26 budget as tax increment sunsets
Summary
The Redevelopment Agency of Twin Cities adopted its fiscal year 2025–26 budget 4-0 during a public hearing after Finance Director Shannon Wimmer said the agency's tax-increment financing will sunset and no changes were made to the tentative budget.
Finance Director Shannon Wimmer told the Redevelopment Agency of Twin Cities on Wednesday that the agency's fiscal year 2025'26 budget is unchanged from the tentative version and that the redevelopment district's tax-increment financing will be sunsetting next year.
"This is probably our easiest budget that we've had for the RDA," Finance Director Shannon Wimmer said. "As we know that this is sunsetting, so there won't be any tax…
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