CRA Budget Resolution 2026-103 to adopt the Fiscal Year 2026-27 budget - North Magnolia Redevelopment Subarea Fund in the amount of $1,966,077

Community Redevelopment Area Agency Board · 2026-09-09 · agenda_item

The Community Redevelopment Area Agency Board of the City of Ocala is considering a budget resolution for the North Magnolia Redevelopment Subarea Fund. This item is currently pending review. The proposed budget for Fiscal Year 2026-27 is $1,966,077. This budget is intended to fund future redevelopment activities within the North Magnolia area. While specific projects are not detailed, the adoption of this budget would signal the planned allocation of funds for potential infrastructure improvements, property acquisition, or business support initiatives in the subarea. Local contractors, suppliers, and service providers are encouraged to monitor this pending resolution. Early awareness of the budget's adoption could provide an advantage in understanding future project scopes and timelines as they are developed.

Fiscal Year

2026-27

budget amount

1,966,077 $