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
Rising — being discussed more frequently. 1 mention in the last 30 days.
The budget anticipates $115,000 in revenue, a significant decrease from previous years due to the expiration of tax increment collections.
Local taxing entities will now receive tax increment payments that were previously directed to the RDA.