SEOPW CRA FY 2025-26 BUDGET

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

This legislative item 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 a contribution from the Children's Trust. Operating expenses include grants and aid, debt service payments, purchase of land/infrastructure, and professional/contractual services. Significant reserves are allocated for capital projects, affordable housing, and other purposes. The Intergovernmental and Economic Impact Committee forwarded this item to the Board of County Commissioners with a favorable recommendation. The document does not specify a street address or intersection, but refers to the Southeast Overtown/Park West Community Redevelopment Area, which is located within County Commission Districts 3 and 5. The document states that this item does not provide for contracting with any specific entity.