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Council adopts annual report for Tax Increment Reinvestment Zone No. 1; fund balance reported at $255,795.31
Perris City Council · January 29, 2026
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Summary
The council unanimously approved the annual TIRZ No. 1 (downtown) report on Jan. 28, 2026; staff said the fund held $255,795.31 as of Sept. 30, there was one expenditure of $20,000 in the year, and the TIRZ has pledged $100,000 to a 1st Street project; staff reported total tax increments received since Jan. 1, 2019 as $2,241,946.63.
The Perris City Council approved a resolution adopting the annual report for Tax Increment Reinvestment Zone (TIRZ) No. 1, covering the downtown TIRZ, at its Jan. 28 meeting.
Staff told council the report covers…
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