HR Urban Renewal Board Votes Not To Use Tax Increment This Fiscal Year

Hood River’s Urban Renewal Agency board voted Monday night to approve a budget in the Fiscal Year 2020-21 that will not use tax increment funding as a revenue source.  Mayor Kate McBride said they are pausing collection of taxes for urban renewal from other districts for one year as many taxing entities face revenue drops as a result of the COVID-19 pandemic.  Board member Erick Haynie noted by statue they can only do this one time, but this is the time to do it.  McBride noted Urban Renewal will collect the taxes at the end of its duration if necessary.  Hood River City Councilors also passed its municipal budget for 2020-21.

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