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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 3% for agency operations. Lynn told the commission the agency has no debt and no plan to incur debt this year. She also said operating expenses are projected at $181,324 (a 17.7% increase driven in part by a one-time economic impact study), and interest income is conservatively projected at $40,750.
The commission’s public hearing preceded a formal vote on Resolution 2025-07, which adopts the FY2026 budget. The resolution passed on a roll-call vote with all five members present voting aye.
At the same meeting the commission approved its routine semiannual proponent reimbursements under Agency Policy No. 7. The Downtown District proponent (listed in commission records as ANA Construction) was approved for reimbursement of $319,418.58; the agency reported a remaining Downtown obligation of $4,207,611.59. Staff also reported a Downtown minor projects fund balance of $135,751.24, a Post Falls Technology District fund balance of $2,938,903.60, and a deficit in the Pleasant View District of $63,264.90 pending future tax increment.
During the staff report, agency personnel said Kootenai County had distributed previously withheld penalty and interest that had accrued from October 2022 through May 2025. The commission received $3,430.99 for the Technology District and $11,463.44 for the Downtown District; $13,411 associated with closed districts (East Post Falls, Center Point and Expo) was distributed by the county auditor to underlying taxing entities.
Commissioners reviewed the audit engagement letter, finalized the budget presentation and confirmed that the agency has engaged Welch Comer, its consulting engineers, to review a reimbursement request for the North Mill 1 project. The commission also reported it has initiated an inquiry with the METS Group to update a 2016 economic impact study for the closed Center Point and East Post Falls districts to document development through the districts’ closings.
Votes at a glance: Resolution 2025-07 (adopt FY2026 budget) — approved (roll-call: 5 ayes, 0 no; members present: Coles, Cheltness, Davis, Crosby, Fleischman). Consent calendar (meeting minutes, payables, financial reports, audit engagement letter) — approved (roll-call: unanimous of members present). Semiannual proponent reimbursements — approved (transfer of $319,418.58 to First Interstate Bank checking account; roll-call: unanimous of members present).
The commission adjourned after routine commissioner comments and staff updates. The commission noted two members, Commissioners Leffel and Clemonson, were absent for the Aug. 20 meeting.
