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Henderson RDA reports 67% of budgeted revenue collected at fiscal midyear
Summary
The Henderson Redevelopment Agency accepted its second-quarter FY26 financial update reporting the agency has collected 67% of budgeted revenue at the fiscal midyear (50% elapsed); staff described revenues as strong and the acceptance passed unanimously.
Anthony Malloy, director of the Redevelopment Agency, presented the second-quarter FY26 financial update, noting the fiscal year is half complete and the agency had collected 67% of its budgeted revenue "as of the date of this report." Malloy said it is not unusual for taxes to be paid up front and characterized revenues as strong.
Malloy framed the collection level as a positive indicator for the agency's fiscal position moving forward and recommended the board accept the report. After brief acknowledgement from the chair, the board accepted the financial update; the clerk/staff reported that "all members voted in favor of the motion by member Larson," and the motion carried.
The update provides a snapshot of revenue collections at the midyear point; staff did not present a revised forecast or propose budget adjustments in the recorded remarks.
