Redevelopment Successor Agency
Total Expenses
$15,137,541
-5%
1Total Revenues
$14,634,775
-10%
2General Fund Contribution
$0
0%
3
District Sales Tax Contribution
$0
0%
4
Other Fund Contributions
502,766
218%
5
Funded Staffing
0.00
0.00
6Website
Overview
Department Overview
The Redevelopment Successor Agency (RSA) is responsible for winding down the affairs of the former Redevelopment Agency, including payment of all enforceable obligations and disposition of assets. Expenditures and financing are budgeted in four cost centers. Activities are financed by remaining bond proceeds, and by property taxes allocated by the Auditor-Controller-Treasurer-Tax Collector in an amount not exceeding the amount of the RSA’s enforceable obligations for the fiscal year.Budget Summary
Department Budget Overview
Overall Budget Summary
The Proposed Budget includes appropriations of $15,137,541, funded by revenues of $14,634,775, resulting in a draw on fund balance of $502,766.The Proposed Budget recommends a reduction of $778,838, largely due to a $691,738 decrease in interest on bonds and a $165,511 decrease in professional services. Total revenues decrease by $1,709,189, primarily from a $1,699,867 decrease in property tax revenues allocated to meet enforceable obligations. The Proposed Budget reflects the ongoing wind-down of enforceable obligations, with financing limited to property tax allocations and available fund balance consistent with State dissolution requirements.
The net result of the Proposed Budget is an overall net decrease of $930,351.
Emerging Issues
Emerging Issues
RSA Debt Service and Property Tax Allocation: Debt service on former Redevelopment Agency bonds is funded through property tax allocations to the RSA. As bonds are repaid, the required property tax share declines and more revenue returns to the County General Fund and other taxing entities. Based on current estimates, the General Fund allocation is projected to increase gradually, reaching approximately $7.9 million annually by 2036 when all bonds are retired.
Department Operations and Performance
Divisions
Services
General Administration
Expenses
$80,000
Property Management Administration
Expenses
$75,000
Property Tax Trust Fund
Expenses
$14,982,541
Operational Plan Objectives and Accomplishments
This division supports various department objectives
Completed/Accomplishment
Proposed/In-Progress/Amended
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Services
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Objective
Major Budget Changes
Divison: Division Name
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| Major Changes | Net FTE Changes |
2026-27 Ongoing Budget Increase / (Decrease) |
2026-27 One-time Budget Increase / (Decrease) |
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Budget Details
The charts below show department expenditures and revenues by division and service. Click on the pie charts to drill down for more detail. Complete detail can be found on the County's Transparency Portal.
Expenses by Expense Type
Expenses and Revenues over time
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