SEOPW CRA FY 2025-26 BUDGET

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

Miami-Dade County Board of County Commissioners adopted Resolution R-619-26 (File Number 260037) approving the Southeast Overtown/Park West Community Redevelopment Agency's Fiscal Year 2025-26 budget in the total amount of $280,997,692.00. The budget covers the Southeast Overtown/Park West Community Redevelopment Area, located within County Commission Districts 3 and 5. 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 Children's Trust contribution of $2,252,986. Administrative expenditures are $6,709,741 (2.38% of total budgeted expenditures). Operating expenses total $95,769,235, including $65,349,255 for Grants and Aid, $7,803,168 for Interfund transfers, $14,207,725 for debt service payment/reserves, $2,500,000 for purchase of land/infrastructure, $5,704,354 for professional and contractual services, and $204,733 for construction-in-progress. Reserves for designated purposes total $178,318,716, including $155,737,781 for capital projects funded with Bond Series 2025A issuance, $14,053,577 for development of affordable housing, $4,027,358 for projects funded with non-TIF revenue, $2,000,000 for maintenance of Agency-owned properties, and $2,500,000 for policing initiatives within the CRA boundary. The budget also includes a reserve of $200,000. The Agency and redevelopment area sunset on March 31, 2042. The Agency adopted the budget on September 11, 2025 via Resolution CRA-R-25-0047, and the City approved it on September 25, 2025 via Resolution R-25-0409. The Board adopted the resolution on July 21, 2026. The Intergovernmental and Economic Impact Committee forwarded it to the Board with a favorable recommendation on June 10, 2026. No public comment or stakeholder sentiment is stated in the document.