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Budgets

Community Redevelopment Agency Proposed and Adopted Fiscal Year 2026 Budget

Annual budget created under Resolution 22-2024
Amended budget created under Resolution 04-2025

For more, see page 38 of the city's 2025 adopted budget

Sources	Amount
City Portion of Tax Increment Financing	$1,962,000
County Portion of Tax Increment Financing	$1,507,000
Investment Income	$35,400
Total Sources:	$3,504,400

Uses	Amount
Operating Expenses	$25,100
Administrative Charge	$214,000
Transportation Improvements	$1,200,000
Debt Service - Principal	$730,000
Debt Service - Interest	$268,000
Total Uses:	$2,437,100
Repayment of Advances	$2,064,000
Total Uses and Repayments	$4,501,100

Community Redevelopment Agency Proposed and Adopted Fiscal 2025 Budget

Annual budget created under Resolution 22-2024
Amended budget created under Resolution 04-2025

For more, see page 38 of the city's 2025 adopted budget

Sources	Adopted Budget	Amendment	Revised Budget
City Portion of Tax Increment Financing	$1,418,000	$0	$1,418,000
County Portion of Tax Increment Financing	$1,817,000	$0	$1,817,000
Investment Income	$51,000	$0	$51,000
Total Sources:	$3,286,000	$0	$3,286,000

Uses	Adopted Budget	Amendment	Revised Budget
Operating Expenses	$19,000	$0	$19,000
Capital Expenditures	$200,000	$61,269	$261,296
Debt Service - Principal	$685,000	$0	$685,000
Debt Service - Interest	$290,000	$0	$290,000
Total Uses:	$1,194,000	$61,296	$1,255,296
Repayment of Advances	$0	$0	$0
Total Uses and Repayments	$2,194,000	$61,296	$2,255,296

Community Redevelopment Agency Proposed and Adopted Fiscal 2024 Budget

Annual budget created under Resolution 15-2023
Amended budget created under Resolution 21-2024

Sources	Adopted Budget	Amendment	Revised Budget
City Portion of Tax Increment Financing	$1,638,000	$0	$1,638,000
County Portion of Tax Increment Financing	$2,132,000	$0	$2,132,000
Investment Income	$52,000	$0	$52,000
Total Sources:	$3,822,000	$0	$3,822,000

Uses	Adopted Budget	Amendment	Revised Budget
Operating Expenses	$32,000	-$13,110	$18,890
Capital Expenditures	$0	$805,829	$805,829
Debt Service - Principal	$635,000	$0	$635,000
Debt Service - Interest	$309,300	$0	$309,300
Total Uses:	$976,300	$792,719	$1,769,019
Repayment of Advances	$325,300	-$1,500,000	$1,174,700
Total Uses and Repayments	$2,236,438	-$707,281	$2,943,719

Community Redevelopment Agency Proposed and Adopted Fiscal 2023 Budget

Annual budget created under Resolution 13-2022
Amended budget created under Resolution 14-2023

Sources	Adopted Budget	Amendment	Revised Budget
City Portion of Tax Increment Financing	$1,509,642	$0	$1,509,642
County Portion of Tax Increment Financing	$1,693,224	$0	$1,693,224
Investment Income	$35,000	$0	$35,000
Total Sources:	$3,237,866	$0	$3,237,866

Uses	Adopted Budget	Amendment	Revised Budget
Operating Expenses	$16,755	$0	$16,755
Capital Expenditures	$0	$91,900	$1,291,990
Debt Service - Principal	$590,000	$0	$590,000
Debt Service - Interest	$327,900	$0	$327,900
Total Uses:	$2,134,655	$91,900	$2,226,645
Repayment of Advances	$264,018	$0	$264,108
Total Uses and Repayments	$2,398,673	$91,900	$2,490,663