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Paradise successor agency adopts FY 2025–26 budget, anticipates bond payments
Summary
The Successor Agency to the Paradise Redevelopment Agency adopted Resolution 2025-01 approving a fiscal year 2025–26 budget that allocates anticipated revenue to make payments toward outstanding redevelopment bonds; officials said roughly $200,000 is a conservative revenue estimate and payments require county approval.
The Successor Agency to the Paradise Redevelopment Agency on Dec. 10, 2024, adopted Resolution 2025-01 approving its fiscal year 2025–26 budget, a measure agency staff said directs incoming revenue toward payments on outstanding redevelopment bonds.
Agency staff member Amy said the adopted budget reflects all expected revenue being allocated to make bond payments. “So congratulations. We're actually creating revenue in order to make payments on a bond. I know. Right? It's nice,” Amy said during the presentation. She added…
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