How is the Urban Renewal Authority funded?
When the Urban Renewal Areas were created, a base tax valuation for taxes generated within the districts was established. Taxes collected above and beyond the base are distributed to the Urban Renewal Authority rather than the government entities that would otherwise receive them. This means that property and business owners do not pay any additional taxes to support the Urban Renewal Authority, and that the taxes generated above the base go toward financing and supporting redevelopment and revitalization efforts in the districts.

Amended 2015 Budget (and Budget Resolution for 2014 Carryover)

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1. If my property is in an Urban Renewal Area, do I need approval from the Urban Renewal Authority before I make aesthetic changes to my property?
2. Where are Lafayette’s Urban Renewal Areas located?
3. Is the use I am considering for my property permitted within the Urban Renewal Areas?
4. What is Urban Renewal's Vision for downtown?
5. What has the Urban Renewal Authority accomplished since its inception in 1999?
6. How is the Urban Renewal Authority funded?
7. Does the Urban Renewal Authority offer redevelopment incentives or other financial assistance for properties within Urban Renewal?