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Agency auditor details RDA fund balances, suggests housing and infrastructure uses
Summary
The agency auditor reviewed the 2026 RDA administrative budget, said spending on outside professional services was reduced, and proposed using remaining ACK Park and Plymouth RDA funds for affordable housing or local road needs; she also said the P&G incentive share will decline about 20% next year.
The agency auditor (Larson) presented the Redevelopment Agency’s proposed 2026 budget, explaining the structure of the admin budget and several individual RDA fund balances. Larson said the agency reduced contracted professional/technical support in the admin budget and proposed options to spend accumulated fund balances in completed RDAs on affordable housing or local supplies and road materials.
On active project RDAs, Larson said the P&G RDA continues to collect tax increment to pay for infrastructure — specifically a waterline — and developer incentives paid back from taxes; she said the developer share will drop by about 20% next year, returning more increment to taxing entities. Regarding the Plymouth/GBI/Basin industrial RDA, Larson said incentives have expired, the fund balance is growing, and the agency could direct funds to affordable housing or road maintenance in that project area.
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