SEOPW CRA FY 2025-26 BUDGET

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

The document is a legislative item approving the Fiscal Year 2025-2026 budget for the Southeast Overtown/Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The budget totals $280,997,692.00. The item was adopted by the Board of County Commissioners on 7/21/2026. The budget includes revenue from County TIF ($22,188,418), City TIF ($34,618,589), carryover funds ($44,644,511), Bond Series 2025A proceeds ($173,265,830), non-TIF revenue ($4,027,358), and a Children's Trust contribution ($2,252,986). The redevelopment area is located within County Commission Districts 3 and 5. The Agency and redevelopment area sunset on March 31, 2042. The budget includes administrative expenditures of $6,709,741, operating expenses of $95,769,235, and reserves for designated purposes totaling $178,318,716. No specific project, site, or action beyond the budget approval is described.