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Kane County RDA approves 2025 budget, keeps prior-year allocations
Summary
The Kane County Redevelopment Agency unanimously approved a 2025 budget that largely carries forward the prior year’s allocations, including set percentages for administrative and low-income housing funds, and agreed to pursue a separate account for RDA funds.
The Kane County Redevelopment Agency voted unanimously on Nov. 12, 2024, to approve its 2025 budget, electing to carry forward last year’s allocation percentages and preserve funds for the Zion Mountain local service district’s TIF obligations.
Clerk Aubrey Jean Noel presented the budget proposal, saying the draft was built “off a hundred thousand dollars” as a baseline and divided by percentage into categories: administrative expenses at 2.5% ($2,500), low-income housing at 10% ($10,000) and the remaining $87,500 designated for miscellaneous RDA expenses. Noel said property-tax receipts were expected to be roughly similar to the prior year and provided itemized receipts reported in the meeting transcript, including a stated property-tax payout figure of about $2,025,000 and smaller amounts for other tax shares.
During discussion, commissioners asked whether RDA funds should be held in a separate account. One commissioner said a separate account would simplify interest accounting and noted that the clerk and a named signatory would serve as signers; Chair Commissioner Cabea and others agreed. Staff also reported ongoing work to resolve delinquent taxes and said the RDA is holding 2023 collections under direction of the state auditor until compliance issues are resolved.
Chair Commissioner Cabea called for a motion to approve the budget; a commissioner moved to approve and vocalized 'Aye' votes followed. The transcript records the vote as unanimous.
The agency did not change the percentage allocations in the adopted budget and directed staff to implement the approved figures and pursue setting up a separate account for funds and signatories as discussed. The next steps noted in the meeting were administrative: establishing the separate account with the state and confirming authorized signers.
