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Council authorizes amendment to limited‑term property tax sharing agreement to lift revenue cap through 2028‑29
Summary
Council voted unanimously to authorize the city manager to execute an amendment to a limited‑term property tax increment agreement with Placer County that removes a per‑year revenue cap for certain tax‑rate areas for a limited term through fiscal year 2028‑29, allowing Lincoln to retain more property tax revenue in the near term to support public safety staffing.
City leadership presented and the council approved an amendment to a limited‑term property tax increment agreement with Placer County intended to allow the city to retain more property tax revenue from specified tax‑rate areas for a defined period.
City staff described the original agreement’s mechanism, which diverted the majority of incremental property taxes from raw land build‑out to the city for a set period but included an annual cap (about $1.5…
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