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)