SEOPW CRA FY 2025-26 BUDGET

Board of County Commissioners · 2026-07-21 · resolution

The Miami-Dade Board of County Commissioners adopted Resolution R-619-26 (File Number 260037) on July 21, 2026, approving the Fiscal Year 2025-26 budget of $280,997,692.00 for the Southeast Overtown/Park West Community Redevelopment Agency and the Southeast Overtown/Park West Community Redevelopment Area. The budget includes $22,188,418 in County TIF, $34,618,589 in City TIF, $44,644,511 in carryover funds, $173,265,830 in Bond Series 2025A proceeds, $4,027,358 in non-TIF revenue, and a $2,252,986 Children's Trust contribution. Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $14,207,725 for debt service, $2,500,000 for purchase of land/infrastructure, $5,704,354 for professional and contractual services, and $204,733 for construction-in-progress. Reserves total $178,318,716, including $155,737,781 for capital projects funded with Bond Series 2025A, $14,053,577 for affordable housing development, $4,027,358 for non-TIF funded projects, $2,000,000 for maintenance of Agency-owned properties, and $2,500,000 for policing initiatives within the CRA boundary. The Agency and redevelopment area sunset on March 31, 2042. The item was forwarded to the Board with a favorable recommendation by the Intergovernmental and Economic Impact Committee on June 10, 2026. No public comment or stakeholder sentiment is stated in the document.