The Aurora Finance Committee meeting held on August 28, 2025, focused on funding for community events and the management of tax contracts for the upcoming years. A key discussion point was the allocation of SSA1 funds to the Alliance for organizing events such as the First Friday events, which aim to enhance community engagement and support local businesses.

Committee members highlighted the need for approval on contracts or memorandums of understanding (MOUs) related to these funds. Any expenditure exceeding $1,000 would require formal approval. An example cited was the successful Stope Island Block Party, which was organized for under $2,000, demonstrating the potential impact of these funds on community events.

Additionally, the committee discussed the possibility of reinstating the Downtown Aurora Association in response to feedback from the local business community and building owners. This move is seen as essential for maintaining vibrant downtown activities and supporting local businesses through the transition period leading up to December.

Another significant topic was the administration of taxes for the years 2025 and 2026. Questions arose regarding why the current contract only extends to the end of 2025, despite potential expenses that may carry into 2026. The committee acknowledged that while the contract is set to expire in December, some billing and expenses related to holiday events might extend beyond that date.

Overall, the meeting underscored the committee's commitment to fostering community events and ensuring effective management of local tax contracts, with an emphasis on supporting downtown Aurora's business environment.