SEOPW CRA FY 2025-26 BUDGET

Intergovernmental and Economic Impact Committee · 2026-06-10 · resolution

Miami-Dade County Board of County Commissioners is considering the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget amount is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County and City, bond proceeds, a contribution from the Children's Trust Fund, carryover funds, and non-TIF revenue. Expenditures are allocated to administrative costs, operating expenses (including grants and aid, debt service, land/infrastructure purchase, professional services), and reserves for capital projects, affordable housing, non-TIF projects, property maintenance, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners with a favorable recommendation. The budget was previously adopted by the Agency and the City of Miami. The redevelopment area is located within County Commission Districts 3 and 5. The CRA and redevelopment area are set to sunset on March 31, 2042.