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CRA board amends 2026 budget to recognize newly triggered tax-increment revenue
Summary
The CRA approved a resolution to amend its 2026 budget after staff said a project that came online late last year began generating tax-increment revenue the agency had not anticipated. The amendment recognizes that revenue; routine minutes were also approved and the meeting adjourned.
The CRA called a public hearing and voted to amend its 2026 budget to recognize tax-increment revenue from a project that recently began generating funds.
Ezra, a staff member, told the board the agency "had our first CRA project at the end of last year that has now come online" and that officials "weren't quite sure going into the 2026 budget if they were going to trigger and start collecting that tax…
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