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Post Falls Urban Renewal Agency adopts $5.6 million FY2026 budget, approves $319,419 proponent reimbursement
Summary
On Aug. 20, 2025, the Post Falls Urban Renewal Agency Commission adopted its fiscal year 2026 budget and approved semiannual proponent reimbursements, actions the agency said will fund public infrastructure projects across its districts and use tax-increment financing.
The Post Falls Urban Renewal Agency Commission on Aug. 20 adopted a $5,599,348 fiscal year 2026 budget and approved semiannual proponent reimbursements totaling $319,418.58, the commission’s treasurer said during a public hearing.
Treasurer Lynn told the commission the budget — for the period Oct. 1, 2025, through Sept. 30, 2026 — projects tax-increment revenues primarily from new development in the agency’s active districts and includes carryover funds for ongoing public improvements. Lynn said total projected revenues including carryover funds are $5,599,348 and that staff expects to draw $90,574 from the general fund to meet operating costs during the year.
The budget allocates most spending to capital work: roughly 97% of forecasted expenses are earmarked for completing approved public infrastructure within urban renewal districts, with about…
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