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Philomath Urban Renewal Agency adopts 2025-26 budget, declares tax increment
Summary
The Philomath Urban Renewal Agency unanimously adopted Resolution 25-15 on June 23, approving the agency's 2025-26 budget, making appropriations and declaring the maximum tax increment to fund URA operations; one member was excused and no public comments were offered.
The Philomath Urban Renewal Agency unanimously adopted Resolution 25-15 on Monday evening, approving the agency's 2025-26 budget, making appropriations and declaring the maximum tax increment to fund URA operations.
An unidentified meeting facilitator opened the public hearing at 7:02 p.m. and staff reviewed the resolution's provisions, saying the budget committee had approved the URA budget on June 4 and that Resolution 25-15 sets appropriation levels and the tax increment…
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