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Henderson redevelopment agency adopts $114.5 million FY 2025–26 budget
Summary
The Henderson Redevelopment Agency voted to adopt its FY 2025–26 budget after a presentation from Director Anthony Malloy that forecast higher assessed values and tax-increment revenues, and outlined bond proceeds and a school district set-aside. No public commenters spoke.
At a redevelopment agency meeting, the Henderson Redevelopment Agency voted to adopt its FY 2025–26 budget following a presentation from Director Anthony Malloy.
Malloy said the agency expects assessed value across its redevelopment areas to rise roughly 10%, from $2.6 billion to $2.9 billion, and tax-increment revenue to increase by about 18%, from $43 million to $50.5 million. He listed estimated bond proceeds of $62 million for a future East…
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