An urban renewal area is not a taxing district. Increases in sales and property taxes due to redevelopment can be used to help finance redevelopment projects (Tax Increment Financing).
Existing funds are sales and property tax increments collected within the Town Center Urban Renewal Area.
Authority Annual Budget
Colorado local government budget law requires that a proposed budget be submitted to the governing body by October 15th and that a public hearing and adoption of the budget occur before December 31st. The annual budget for this calendar year is available by clicking the link below.