Redevelopment Agency board acknowledges tentative RDA budget and discusses using tax increment to prep land for development

The Perry City Redevelopment Agency board on May 14 accepted receipt of its tentative FY2026–27 budget and debated how remaining tax‑increment funds should be used. City staff told the board that, after administrative fees and reimbursements, $217,001.43 could be contributed back to Perry City this year to complete reimbursement related to a developer bond; after the next two years the only increment available would be property‑tax increment and the RDA’s ability to cover the bond would end.