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The Castle Rock Urban Renewal Authority approved its 2024 fiscal year budget by a unanimous 7-0 vote. The meeting also explained that the authority was created to use tax-increment financing as an incentive to remediate an old landfill site and support its redevelopment.
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The approved budget sets the Urban Renewal Authority's fiscal plan for 2024. Officials said the authority's tax-increment financing was established to help clean up an old landfill that limited development. No public comment was recorded.
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