Urban Renewal Districts To Get $11M

Kootenai County Clerk Cliff Hayes has released figures showing the amount of incremental tax dollars which will be flowing to urban renewal agencies for the current tax year. $11,200,084 – a 3.89% increase over last year – will be diverted from 18 different taxing entities and flow to four urban renewal agencies instead.  Totals by urban renewal agency are:

• Hayden Urban Renewal Agency           $   558,628
• Lake City Development Corporation    $5,655,488
• Post Falls Urban Renewal Agency       $4,791,335
• Spirit Lake Urban Renewal Agency $  194,633

Total  $11,200,084

“My office has again posted this information online,” Hayes said.  “The reports  show the same information two ways:  incremental property tax funds that will flow to Kootenai County’s urban renewal agencies, and sub-totals by the taxing authorities from which the funds are being diverted.”  The reports can be accessed at www.kcgov.us/departments/auditor/urdfunding.asp .

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