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Troutdale URA adopts FY2025–26 budget, tax increment declaration and extends riverfront plan duration
Summary
The Urban Renewal Agency on June 17 adopted its FY 2025–26 budget, declared an estimated $137,000 in tax‑increment revenue for the coming year and approved a fourth amendment to the Troutdale Riverfront Renewal Plan extending the plan’s debt-incurrence deadline from 20 to 30 years.
The Troutdale Urban Renewal Agency adopted its FY 2025–26 budget, approved a resolution declaring the agency’s tax increment for 2025–26 and voted to extend the Troutdale Riverfront Renewal Plan’s allowable debt period by 10 years.
Finance staff told the agency the budget follows the budget committee’s prior approval and involves an intra‑budget reallocation to move funds from contingency…
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