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Budget committee approves $585,000 property-tax division for Sisters URA
Summary
The Sisters Urban Renewal Agency budget committee approved deriving $585,000 through division of tax for the URA for fiscal year 2026–27 after a staff presentation on tax-increment finance and recent borrowing.
The budget committee voted to approve property taxes for the Sisters Urban Renewal Agency for fiscal year 2026–27 in the amount of $585,000. "I move the budget committee approve property taxes for fiscal year 20 26, 20 27 for the Sisters Urban Renewal Agency to be derived through the division of tax in the amount of $585,000," a committee member said as the motion; another member seconded and the Chair called for and received vocal "ayes."
Staff had presented the URA's recent financial position before the motion, noting current annual tax-increment collections of about $580,000 and recent borrowing to complete planned projects. The committee recorded the motion and, after the vocal affirmative responses, the Chair adjourned the meeting.
