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Council adopts CRA budget amendment recognizing more than $3 million in revenue
Summary
The Council adopted Resolution R2026-33 to formally recognize over $3 million in CRA revenue from Salt Lake County regional development sources and authorized associated expenditures; about $600,000 had been spent to date.
Accounting Manager Daniel Hoffman presented the proposed Fiscal Year 2025-2026 budget amendment affecting the Magna Community Redevelopment Agency (CRA). He said the CRA received over $3 million in funding during the fiscal year from Salt Lake County regional development sources and that about $600,000 has been spent to date; the amendment recognizes the full revenue received and authorizes the related expenditures.
No public comment was offered during the hearing. Council Member Michael Jensen moved to close the public hearing and adopt Resolution R2026-33; Council Member Terry George seconded the motion and the resolution passed unanimously, 5-0. The resolution updates the current fiscal year's revenue and spending authority for the CRA fund.
