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With the RDA project area expiring, the agency is moving into a holding pattern. This means less active development spending and more focus on managing existing fund balances.
At a glance
Declining — being discussed less frequently. 0 mentions in the last 30 days, 1 the 60 before, 1 the 90 before that.
The budget is set at $115,000 for the coming year, down significantly from previous years due to the project area expiration.
Local taxing entities will now receive tax increment funds that previously went to the RDA.
The city is finalizing its redevelopment budget, which dictates how the agency manages its funds and reserves for the coming year. This budget focuses on maintaining existing reserves rather than launching new development projects.
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With the city's main redevelopment project area expiring, the RDA is moving into a new phase. The budget is now much smaller and relies on interest rather than new tax growth.