SEOPW CRA FY 2025-26 BUDGET

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

Miami-Dade 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 is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County ($22,188,418) and City ($34,618,589), bond proceeds ($173,265,830), a contribution from the Children's Trust Fund ($2,252,986), carryover funds ($44,644,511), and non-TIF revenue ($4,027,358). Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $14,207,725 for debt service, $2,500,000 for land/infrastructure purchase, and $5,704,354 for professional and contractual services. Reserves total $178,318,716, with $155,737,781 earmarked for capital projects funded by Bond Series 2025A. The Intergovernmental and Economic Impact Committee forwarded the item to the Board of County Commissioners (BCC) with a favorable recommendation on June 10, 2026. The BCC is scheduled to consider the budget on July 21, 2026. This item does not involve contracting with a specific entity but approves the CRA's budget.