Carson EIFD adopts FY 2026–27 budget, includes county predevelopment request for Victoria Golf Course

The Carson Enhanced Infrastructure Financing District Public Financing Authority voted June 15 to adopt its FY 2026–27 budget, which staff said projects roughly $970,000 in revenue and keeps allocations of 40% to the county, 48% to the city and 20% for affordable housing.

Staff told the board the county had requested $500,000 for predevelopment work on the Victoria Golf Course site; that amount represents an increase from $300,000 the board previously approved in prior years but which staff said has not yet been spent. Staff emphasized the $500,000 was included for budgetary planning and that actual expenditures would require a reimbursement agreement with the county and in some cases an amendment to the district’s infrastructure financing plan (IFP).

"For the Victoria Golf Course, any expenditures that would need to take place would require a reimbursement agreement and potentially an amendment to the infrastructure financing plan," staff said, noting county staff are engaged and the earliest a board vote on a reimbursement agreement could occur would be after a 30-day notice period.

The proposed budget includes a $388,000 request for city projects—staff highlighted a commercial façade improvement program listed in the IFP as a likely near-term use of unrestricted funds—and roughly $194,000 earmarked for possible predevelopment expenses should an affordable-housing project become ready for funding.

Board member Dier moved to adopt Resolution No. 206-002, adopting the FY 2026–27 budget and approving appropriations; the motion was seconded and the board recorded the motion as passed. The board also nominated and approved Adam Dubendec as the authority’s board secretary during the annual meeting.

Staff said they will return to the board with the reimbursement agreement and any IFP amendment required before county expenditures on the golf-course site can proceed.