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Staff recommends triggering roughly $100 million in parcels for 2026 to capture tax increment
Summary
City staff showed parcel-by-parcel analysis and proposed triggering about 100 acres with approximately $100 million in market value for 2026; staff explained timing, assessor dates, and trade-offs in delaying triggers.
City staff member Josh presented a parcel-level analysis drawn from county tax-parcel data and pivot tables that categorize parcels by original RDA phase, current market value and whether they have been triggered. He said the city contains about 4,800 tax parcels with a total market value of roughly $3.5 billion; the RDA project area contains most of the city's taxable value (roughly $2.7 billion), and the staff proposal for 2026 would trigger about 100 acres worth about $100 million in market value.
"The areas that I propose to trigger for you all is about $100,000,000 for 2026," Josh said. He explained the reasoning: triggering as closely as possible after development captures new-growth increment for the RDA, whereas delaying can cause new growth to flow to the general fund and create later tax shifts. Josh also noted that some parcels previously proposed were removed because structures had not yet been built; his recommendation focuses on parcels with completed structures or common-area parcels relevant for tracking.
