Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Budget topic
No spam. Unsubscribe anytime.
Jacksonville Urban Renewal budget committee elects leadership, adopts amended 2025–26 budget
Summary
At a May 15, 2025 Jacksonville Urban Renewal Agency budget committee meeting, members elected leadership and unanimously approved amendments to the 2025–26 budget, adopting the amended budget for submission to the agency. Executive Director Mr. Alvis presented revised tax increment revenue projections and next steps for remaining funds.
The Jacksonville Urban Renewal Agency budget committee met May 15, 2025, elected leadership and voted unanimously to adopt an amended 2025–26 budget after a presentation by the agency executive director.
Chair Steve Castellagio called the meeting to order at 5:30 p.m. and asked the agency secretary to call roll. After roll call, nominations for chair and vice chair were opened. Steve Castellagio was nominated and approved as chair. A nomination for vice chair was offered and seconded; the transcript records both the names "Reid Bowen" and a later reference to "Talon," creating ambiguity in the record about the vice chair's final identified name.
Executive Director Mr. Alvis presented the budget materials and told the committee that "urban renewal is just about wrapped up," summarizing the program timeline and proposed revenue changes. He explained that remaining urban renewal funds will be transferred via loan-based transfers first into the general fund and then to a natural projects fund, and that the district is expected to close at the end of 2027. Mr. Alvis reported revised tax increment revenue projections for 2025–26 and 2026–27 but the spoken numeric values in the transcript are unclear; the recording did not specify units.
The committee moved to approve an amendment to the budget as presented by the agency treasurer to revise tax increment revenue and then moved to approve the 2025–26 budget as amended for adoption by the urban renewal agency. Both motions passed on roll-call votes in which each called member recorded a "Yes." The roll calls in the transcript record affirmative responses from the named members called by the agency secretary.
Minutes from the May 9, 2024 meeting were approved earlier in the session after a motion by Andrea Thompson and a second by Kim Gregg.
There were no public comments during the meeting, and the committee adjourned at 5:39 p.m.
What happens next: the agency will receive the adopted budget for its consideration and any subsequent administrative steps required for fund transfers and district closure will proceed according to agency policy and applicable law.
