SEOPW CRA FY 2025-26 BUDGET

Intergovernmental and Economic Impact Committee · 2026-06-10 · 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 a contribution from the Children's Trust Fund. Operating expenses include grants and aid, interfund transfers, debt service payments, land/infrastructure purchases, professional/contractual services, and construction-in-progress. Significant reserves are allocated for capital projects, affordable housing, non-TIF funded projects, 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 document does not state any public comment or stakeholder sentiment.