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, approving the FY 2025-26 budget of $280,997,692 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, $173,265,830 in Bond Series 2025A proceeds, $4,027,358 in non-TIF revenue, and $2,252,986 from the Children's Trust. 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, $5,704,354 for professional/contractual services, and $204,733 for construction-in-progress. Reserves total $178,318,716, including $155,737,781 for capital projects, $14,053,577 for affordable housing, $4,027,358 for non-TIF projects, $2,000,000 for property maintenance, and $2,500,000 for policing. Administrative expenditures are $6,709,741. The redevelopment area is in County Commission Districts 3 and 5. The Agency and area sunset on March 31, 2042. The budget was adopted by the Agency on September 11, 2025 (Resolution CRA-R-25-0047) and by the City on September 25, 2025 (Resolution R-25-0409). The Board adopted the resolution on July 21, 2026. The Intergovernmental and Economic Impact Committee forwarded it with a favorable recommendation on June 10, 2026. No specific project site, address, parcel, acreage, or zoning change is stated.