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URA treasurer proposes shifting 40% of operating costs to current increment revenue
Summary
Rochelle proposed moving a larger share of operating costs from one-time savings onto current increment revenue — a 40% shift for FY27 — to preserve reserves and aim for self-sufficiency within two to three years if growth continues.
At the workshop Rochelle said the URA currently relies on savings to cover most operating costs and proposed shifting a larger share of annual operations onto current incremental revenues. "So I'm proposing that we take 40% of the expenditures and applying it to that revenue," she said, explaining the approach is intended to preserve fund balance and move the agency toward self-sufficiency.
Rochelle added the shift is scalable: if development increases increment revenue in future years, the agency could move a larger share of operations to current-year receipts and allow savings to be used for projects instead. Commissioners requested year-to-date cost data to better evaluate the plan before approving the change.
