SEOPW CRA FY 2025-26 BUDGET

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

Miami-Dade County Board of County Commissioners is considering the approval of the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency (CRA) and the Southeast Overtown/Park West Community Redevelopment Area. The total budget amount is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from the County and City, bond proceeds, a contribution from the Children's Trust Fund, and carryover funds. Operating expenses include grants and aid, interfund transfers, debt service, land/infrastructure purchases, professional and contractual services, and construction-in-progress. Significant reserves are allocated for capital projects funded by bonds, affordable housing development, projects funded with non-TIF revenue, maintenance of Agency-owned properties, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners with a favorable recommendation. The CRA's budget was previously adopted by the Agency and the City of Miami. The redevelopment area is located within County Commission Districts 3 and 5. The CRA and redevelopment area are scheduled to sunset on March 31, 2042.