SEOPW CRA FY 2025-26 BUDGET

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

This legislative matter concerns the approval of the Fiscal Year 2025-2026 budget for the Southeast Overtown Park West Community Redevelopment Agency and Area. The total budget is $280,997,692.00. The budget includes various revenue sources such as Tax Increment Financing (TIF) from Miami-Dade County and the City of Miami, bond proceeds, carryover funds, and contributions from the Children's Trust. Expenditures are categorized into administrative, operating, and reserves for capital projects, affordable housing, non-TIF projects, property maintenance, and policing initiatives. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners (BCC) with a favorable recommendation. The BCC is the governing body responsible for approving the annual budgets of community redevelopment agencies.