SEOPW CRA FY 2025-26 BUDGET

Board of County Commissioners · 2026-07-21 · resolution

The Miami-Dade Board of County Commissioners adopted Resolution R-619-26 (File Number 260037) on July 21, 2026, approving the Fiscal Year 2025-26 budget in the total amount of $280,997,692.00 for the Southeast Overtown/Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The budget includes $22,188,418 in County TIF, $34,618,589 in City TIF, $44,644,511 in carryover funds, $173,265,830 in Bond Series 2025A proceeds, $4,027,358 in non-TIF revenue, and a Children's Trust contribution of $2,252,986. Administrative expenditures are $6,709,741 (2.38% of total budgeted expenditures). Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $7,803,168 for Interfund transfers, $14,207,725 for debt service payment/reserves, $2,500,000 for purchase of land/infrastructure, $5,704,354 for professional and contractual services, and $204,733 for construction-in-progress. Reserves for designated purposes total $178,318,716, including $155,737,781 for capital projects funded with Bond Series 2025A issuance, $14,053,577 for development of affordable housing, $4,027,358 for projects funded with non-TIF revenue, $2,000,000 for maintenance of Agency-owned properties, and $2,500,000 for policing initiatives within the CRA boundary. The budget also includes a reserve of $200,000. The redevelopment area is located within County Commission Districts 3 and 5. The Agency and redevelopment area sunset on March 31, 2042. The Agency adopted the budget on September 11, 2025, through Resolution CRA-R-25-0047, and the City adopted it on September 25, 2025, through Resolution R-25-0409. The Intergovernmental and Economic Impact Committee forwarded the item to the BCC with a favorable recommendation on June 10, 2026. The document does not state a specific street address, parcel, or folio for the redevelopment area. The document does not state a specific project size in acreage, number of units, or square footage. The document does not state a zoning or use change. The document does not state an applicant or developer name. The document does not state any public comment or stakeholder sentiment.