Agenda Packet

Community Redevelopment Agency Budget Workshop #1 · 2026-05-13 · agenda_packet

This document is an agenda and staff report for the City of Palatka Community Redevelopment Agency (CRA) Budget Workshop #1, held on May 13, 2026. The workshop focused on the FY 2026 CRA budget, outlining priorities such as Smart City initiatives, infrastructure improvements, public safety, and beautification. The budget is a working document, with a first draft presented for discussion. The CRA was established in 1983 and oversees redevelopment in three districts: Central Business District, South Historic District, and North Historic District. The budget development process involves planning, forecasting, monitoring, and evaluation, with a top-down approach used by the city. Key factors for the 2026-2027 budget include determining unused funds, developing projects to attract business, beautifying the downtown district, increasing economic development opportunities, purchasing vacant land for community amenities, targeting high-need communities, and strengthening social cohesion. The next budget meeting is scheduled for June 10, 2026. The document also includes a draft budget with financial data for FY2026-2027, detailing revenues, cash balances, and expenditures across different districts.