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San Angelo TIRZ board opens Tiers south application window through March 31, 2026; staff cites higher valuations
Summary
The Tax Increment Reinvestment Zone board voted to extend the Tiers south application window through March 31, 2026, following a financial report from staff that cited higher property valuations and rising interest income; the board recorded no public comment and approved the motion by voice vote.
San Angelo’s Tax Increment Reinvestment Zone (TIRZ) board voted to open the south Tiers application window through March 31, 2026, the board announced after hearing a financial report that staff said reflected stronger property valuations and higher interest income.
"This year is 1.5. So that's a $300,000 increase," said Aaron Vannoy, planning and development services director, summarizing the South tier’s updated property valuation compared with the previous year. Vannoy also told the board the South tier’s interest income rose from about 3,000 to 75,000 and that audit reconciliations returned unspent project dollars to the beginning…
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