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St. Helens agency approves $743,056 urban renewal budget; mayor abstains
Summary
The St. Helens Urban Renewal Agency approved a $743,056 budget for fiscal year 2025–26 and authorized levying maximum incremental tax revenue under state law. Officials discussed an existing IFA loan, a three-year delay before debt service begins and financial risks tied to the departure of a major employer.
The St. Helens Urban Renewal Agency on Monday approved a $743,056 budget for fiscal year 2025–26 and authorized levying the maximum incremental tax revenue allowed under state law; Mayor Jennifer Massey declared a potential conflict of interest and abstained from the vote.
The approved budget appropriates $100,000 in capital outlay for completion of riverfront-district streets and utilities extension work and for phase 1 of a riverfront lot project, plus $15,000 for audit materials and services, according to the agency’s budget message. Those projects are intended to extend utilities onto the city’s riverfront property and to support future public amenities and private investment.
Why it matters: The agency’s finances hinge on a state Infrastructure Finance Authority (IFA) loan and anticipated private investment on the waterfront. Agency…
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