NORTH MIAMI AMENDED FY 24-25 & FY 25-26

Intergovernmental and Economic Impact Committee · 2026-04-15 · resolution

Miami-Dade County Board of County Commissioners adopted Resolution R-367-26, approving the amended Fiscal Year 2024-2025 and Fiscal Year 2025-2026 budgets for the North Miami Community Redevelopment Agency (CRA) and the North Miami Community Redevelopment Area. The FY24-25 budget totals $80,112,973.00 and the FY25-26 budget totals $84,312,786.00. The budgets include funding for administrative expenditures, operating expenditures, capital grants for commercial and housing initiatives, infrastructure projects, and redevelopment bond expenses. Specific infrastructure projects include NW 7th Avenue Improvements, Pioneer Boulevard renovations, West Dixie Avenue corridor initiative, and Liberty Gardens passive park. Housing initiatives include single-family rehabilitation, NoMi Lofts, and first-time homebuyer assistance. Commercial initiatives include grants for business attraction, rehabilitation, and beautification. The CRA's funding source is tax increment financing (TIF) and is set to sunset in 2044. The document details specific allocations for various projects within both fiscal years. No public comment or stakeholder sentiment is stated in the document.