TO: Urban Renewal Agency Board
THROUGH: Krishna Namburi, Executive Director
FROM: Josh Eggleston, Chief Financial Officer
SUBJECT:
title
Public hearing on the FY 2027 Salem Urban Renewal Agency Budget
Ward(s): All Wards
Councilor(s): All Board Members
Neighborhood(s): All Neighborhoods
Result Area(s): Good Governance; Natural Environment Stewardship; Safe and Healthy Community; Safe, Reliable and Efficient Infrastructure; Strong and Diverse Economy; Welcoming and Livable Community.
end
SUMMARY:
summary
The Urban Renewal Agency Budget Committee recommended a budget to the Urban Renewal Agency Board (Board) on May 6, 2026. The Board is required to hold a public hearing on the approved budget and adopt a final budget prior to July 1, 2026. The Board may amend the budget approved by the Urban Renewal Agency Budget Committee within the following parameters:
• Property tax levies cannot be increased in total beyond the amount approved by the Urban Renewal Agency Budget Committee.
• The approved expenditures for each fund cannot be increased by more than ten percent (10%) including any reappropriations.
end
ISSUE:
Shall the Urban Renewal Agency direct staff to return on June 22, 2026, with a resolution to adopt the Budget Committee approved FY 2027 Urban Renewal Agency Budget?
RECOMMENDATION:
recommendation
Direct staff to return on June 22, 2026, with a resolution to adopt the Budget Committee approved FY 2027 Urban Renewal Agency Budget.
body
FACTS AND FINDINGS:
Public Hearing
Pursuant to Oregon Local Budget Law, the public hearing on the Budget Committee approved budget was noticed in the Salem Reporter on May 26, 2026. At this meeting, any person may provide testimony for or against any item in the recommended budget (ORS 294.453).
A fund-level summary of the Urban Renewal Agency of the City of Salem Budget Committee’s approved budget is attached. Specific details are available in the budget documenta and supporting materials.
Budget Deliberation and Recommendation
The Board can deliberate on the budget including any changes the Board may want to make within the previously mentioned limitations. Decisions about changes to the budget should be made on June 8, 2026, to provide sufficient time for staff to prepare the budget resolution for adoption on June 22, 2026. In addition to any changes made by the Board on June 8, 2026, the adoption resolution will include rebudgeted purchase orders or carryover items. If there are any reappropriations for the Urban Renewal Agency, a detailed list of items will be provided on June 22, 2026.
BACKGROUND:
Oregon Budget Law requires the adoption of a balance budget prior to the beginning of each new fiscal year which is July 1st for the Urban Renewal Agency.
Kali Leinenbach
Budget Manager
Attachments:
1. Approved FY 2027 Salem Urban Renewal Agency Budget