MIAMI GARDENS CRA FY24-25 BUDGET

Board of County Commissioners · 2026-06-16 · resolution

Resolution approving the amended FY 2024-25 budget for the Miami Gardens Community Redevelopment Agency and the Miami Gardens Community Redevelopment Area totaling $9,039,122.00. The budget includes $1,262,167 in County TIF, $1,447,737 in City TIF, $100,000 in interest, and $6,229,218 in carryover funds. Expenditures include $7,291,329 for the Miami Gardens Performing Arts Center reserves, $1,404,143 for professional services, $315,542 for the Agency's SMART Plan contribution, $18,933 for the County's administrative charge, and $9,175 for operating expenses. The redevelopment area lies within Commission District 1. The Agency and the redevelopment area will sunset in 2039. The resolution was adopted by the Board of County Commissioners on 6/16/2026. The Intergovernmental and Economic Impact Committee forwarded it with a favorable recommendation on 5/13/2026. The item was introduced on 4/20/2026. The original FY 2024-25 budget was $8,845,188, adopted on September 25, 2024. The amended budget was adopted by the Agency and City on July 9, 2025, to account for an increase in interest earnings, prior year's carryover, and projected expenses related to the Performing Arts Center. No public comment or stakeholder sentiment is stated in the document.