Redevelopment Agency | 5/19/2026 3:45 PM

The City of Henderson Redevelopment Agency held a meeting on May 19, 2026, focusing primarily on financial and budgetary matters related to redevelopment efforts. The agency reviewed and approved the minutes from the previous meeting and accepted the third quarter fiscal year 2026 financial update, which showed revenues approximately 11% above budget projections due to increased investment in redevelopment areas. A key agenda item was the public hearing and subsequent adoption of the fiscal year 2027 budget, which projects total tax increment revenues of about $61.9 million and total expenditures of $65.5 million, including an $8.8 million public education set-aside. The budget supports ongoing capital improvement projects and redevelopment planning, with an available fund balance of approximately $50 million after commitments. The agency emphasized that redevelopment funds are legally restricted to use within redevelopment areas and cannot support general city operations. No public comments were made during the hearing, and all motions related to budget approval and financial reports were unanimously passed.