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RDA briefs council on FY2025 redevelopment amendments; Main Street project area records first tax‑increment revenue
Summary
The Midvale Redevelopment Agency (RDA) presented FY2025 budget amendments that largely carry forward prior‑year projects, add attorney funding and expand Main Street programs; staff said the Main Street project area will generate about $650,000 in tax‑increment revenue this year, with 60% retained by the RDA and 40% returned to taxing entities.
Cody (staff) presented proposed FY2025 budget amendments for the Midvale Redevelopment Agency (RDA) during the Feb. 18 meeting, highlighting carryovers from prior years, expanded Main Street program funds and the RDA—s first year of tax‑increment revenue from the Main Street project area.
Cody summarized that much of the amendment is a continuation of multi‑year projects carried forward from FY2024. The RDA…
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