F. Net Position Deficit

Community Redevelopment Agency Meeting · 2026-05-11 · agenda_item

The Community Redevelopment Agency of Pensacola is addressing a projected net position deficit of $42,527,334 as of September 30, 2025. This deficit stems from interlocal agreements where Tax Increment Revenues are pledged to repay long-term obligations that do not provide assets to the Agency. These obligations include notes payable totaling $60,741,587 and amounts due to other governments of $2,600,000. The Agency anticipates sufficient future Tax Increment Revenues to cover these debts before the Community Redevelopment Areas expire. This financial review is currently under review by the Agency. While no direct construction is outlined, the management of these financial obligations and future revenue projections may involve financial planning, accounting, and legal services. Early engagement with the Agency could provide insights into their long-term financial strategies and potential needs for related professional services.

net position deficit

42,527,334 $

notes payable

60,741,587 $

due to other governments

2,600,000 $