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CRA board adopts FY25-26 budget amendment No. 3, closing public hearing with unanimous vote
Summary
The Community Reinvestment Agency adopted Budget Amendment No. 3 for FY25-26, which staff said includes final county tax-increment payments, higher interest and loan payments, an accounting adjustment for the city library, and a transfer of CBD primary housing funds to the citywide secondary housing fund. The vote was unanimous.
Kate, a staff presenter, summarized Budget Amendment No. 3 as the third amendment of the fiscal year and said it includes final annual tax-increment payments from Salt Lake County, interest and loan payments above what was budgeted, an accounting adjustment related to the Salt Lake City library, and a transfer of CBD primary housing funds to the CRA citywide secondary housing fund.
No public commenters registered. A board member moved to close the public hearing and the board adopted the resolution approving FY25-26 Budget Amendment No. 3; the chair announced the motion passed unanimously, 6–0.
