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Henderson redevelopment agency approves tentative $114.5 million FY2025-26 budget; $7.2M school set-aside
Summary
The Henderson Redevelopment Agency unanimously approved a tentative FY2025-26 budget totaling $114.5 million, including a $7.2 million Clark County School District set-aside and a planned $62 million bond issuance for the East Side Redevelopment Area; the tentative budget will be posted for 30 days before final adoption.
The Henderson Redevelopment Agency unanimously approved a tentative FY2025-26 budget that projects steep tax-increment growth and includes a $7.2 million Clark County School District set-aside.
Anthony Malloy, representing the redevelopment agency, told the board the agency expects incremental assessed value to rise roughly 10% from $2.6 billion to $2.9 billion and total tax-increment revenue to grow about 18%, from $43 million to $50.5 million across the city’s five redevelopment areas. "We are anticipating the issuance of bonds in this next fiscal year in the amount of $62,000,000 that will be issued from the East Side Redevelopment Area," Malloy said, noting the bond would return to the board for a separate hearing if it proceeds.
The tentative budget lists…
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