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 resolutions 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 and the FY25-26 budget totals $84,312,786. These budgets include funding for administrative expenditures, operating expenditures, capital grants for commercial and housing initiatives, infrastructure projects, and redevelopment revenue bond expenses. Specific allocations include funds for commercial rehabilitation, business attraction, housing rehabilitation, NW 7th Avenue Improvements, Pioneer Boulevard renovations, West Dixie Avenue corridor initiative, Rucks Park, and mixed-use developments. The funding sources are primarily tax increment financing (TIF) from the County and City, along with carryover funds and interest earnings. The CRA and redevelopment area are set to sunset in 2044. The Intergovernmental and Economic Impact Committee forwarded the item to the Board with a favorable recommendation. No public comment or stakeholder sentiment is stated in the document.