Talent Urban Renewal Agency approves supplemental FY24–25 appropriation and adopts FY25–26 budget

The Talent Urban Renewal Agency on June 18 approved a supplemental appropriation for fiscal year 2024–25 and adopted its fiscal year 2025–26 budget after receiving staff reports and brief deliberations.

Staff said the supplemental appropriation is needed chiefly to pay off an Oregon Housing and Community Services loan that supports using the Gateway site as interim housing, and to correct budget line items that exceeded allowable variances. Member Nomoreth moved to approve Resolution 25‑01‑R authorizing the supplemental appropriation; the motion was seconded and passed on a roll‑call vote.

The board then considered Resolution 25‑02‑R, adopting the FY2025–26 budget and making appropriations for the fiscal year beginning July 1, 2025. Member Collet moved adoption; the motion was seconded and approved on roll call.

The votes were recorded in roll calls taken during the meeting. For the consent calendar and both budget resolutions, members recorded audible "Yes" votes during roll call and the chair announced the motions carried.

Why it matters: the supplemental budget formalizes repayment of a state‑managed loan (OHCS) and aligns accounting with recent activity; adopting the FY25–26 budget sets the agency's spending plan for the coming fiscal year and frames what funds remain available for capital and gateway planning.

Next steps: staff will implement the adopted appropriations and proceed with the work described in the staff reports; the board moved on to a separate discussion about how to use an OHCS‑managed peer grant for the Gateway site. The meeting adjourned at 7:11 p.m.