2026/7/23 - URA Budget Workshop

The City of Caldwell Urban Renewal Agency held a budget workshop on July 24, 2026, focusing on the fiscal year 2027 budget and financial planning for its urban renewal districts. The discussion centered on revenue projections, operating costs, and strategies to shift more operational expenses from savings to current increment revenue, aiming for self-sufficiency within a few years. Key topics included the allocation of administrative costs, particularly related to the economic development position funded by the agency, attorney and insurance costs, and special project funds. Commissioners requested a more detailed breakdown of the $216,000 economic development budget and clarification on specific expenditures to improve fiscal stewardship. The workshop also addressed cash flow projections for different urban renewal areas, including the North, East, and Site A districts, and the anticipated inclusion of the Central Urban Renewal Area in future budgets. Action items included providing a detailed cost analysis of administrative expenses and confirming the timing and impact of the Central Urban Renewal Area's revenue on the budget.