the FY 2021/2022 annual report

The Sherwood Urban Renewal Agency (Agency) has published the FY 2021/2022 annual report. It is on file at Sherwood City Hall and with the Agency. The full information is available to all interested persons. There are two urban renewal plans in Sherwood. Year 2000 Plan: In FY 2021/2022, the Agency received $3,513,597 in property tax revenue. Expenditures from FY 2021/2022 were $1,077,763. The estimated tax revenues for FY 2022/2023 are $1,503,800. The FY 2022/2023 budget includes $5,078,038 in resources and in requirements. The estimated impact of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts is shown in the table below. The remaining amount of maximum indebtedness is $312,741. 2021 Sherwood Urban Renewal Plan: In FY 2021/2022, the Agency did not yet receive property tax revenue for this plan and there were $1,849,002 in expenditures. The FY 2022/2023 budget includes $1,083,855 in resources and in requirements in the Operations Fund and $23,482,706 in resources and requirements in the Capital Fund. There was no impact of carrying out the urban renewal plan on the tax collections for the preceding year for all taxing districts. The remaining amount of maximum indebtedness is $44,174,010. Publish Feb 9th & 16th, 2023 TT

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