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Tracy presents Reinvestment Zone No. 1 annual report; board approves
Summary
The Reinvestment Zone No. 1 Board received the annual report for the year ended Sept. 30, 2025, which showed tax-increment collections of roughly $37 million and an ending fund balance of about $59.1 million; the board voted to approve sending the report to participating taxing entities.
Tracy, presenting the Reinvestment Zone No. 1 annual report for the year ended Sept. 30, 2025, told the board the packet summarizes the zones projects, financing plan and encumbrances and will be sent to each participating taxing entity.
The finance presentation showed tax-increment collections of a little over $37,000,000 against a budgeted $36,100,000 and interest income of about $3,200,000. Land sales accounted for…
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