North Logan's redevelopment agency had $2.9 million in 2025 as new businesses arrive

North Logan's Redevelopment Agency ended fiscal 2025 with $2,884,578 in its fund, according to the city's audit. ^[1]

Fiscal 2025

The agency took in $712,388 in fiscal 2025, including $669,492 in dedicated property taxes. It spent $399,634 on community development, and its fund balance rose from $2,571,824. ^[1]

The audit's debt note lists developer notes originally totaling $2 million, "due as available from tax increment subsidies through fiscal year 2028." At June 30, 2025, $61,087 remained, all due within a year. ^[2]

Looking ahead

At the agency board's June 2, 2026 meeting, city staff member Alan Luce presented a revised fiscal 2026 budget and a proposed fiscal 2027 budget, saying no major changes were requested. Staff reported that several businesses are locating within the city's community reinvestment area and that they were working with Cache County to estimate the tax increment those developments will generate, according to the minutes. ^[3]

Staff said the future revenue would support community reinvestment area incentive programs and economic development and that projections should become clearer after December 2026, when assessed values and tax increment figures are available. The minutes do not name the businesses or give dollar figures. ^[3]

No one commented at either budget hearing. Emily Schmidt moved to adopt both budgets and Buzzy Mullahkhel seconded; the board voted 5–0, with Mullahkhel, Schmidt, Kenny Reese, Mark Hancey and Larry Hepworth voting yes. ^[3]

The fiscal 2027 budget

The fiscal 2027 budget report lists $340,000 in agency revenue, down from $488,416 in the fiscal 2026 final budget. It budgets $143,311 for community and economic development and a $196,689 contribution to fund balance. ^[4]