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 FY 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 carryover, $173,265,830 in Bond Series 2025A proceeds, $4,027,358 non-TIF revenue, and $2,252,986 from Children's Trust. Expenditures include $6,709,741 administrative, $95,769,235 operating (including $65,349,255 grants and aid, $2,500,000 purchase of land/infrastructure, $204,733 construction-in-progress), and $178,318,716 reserves (including $155,737,781 for capital projects funded with Bond Series 2025A, $14,053,577 for affordable housing, $2,000,000 for maintenance of Agency-owned properties, $2,500,000 for policing initiatives). The redevelopment area is located within County Commission Districts 3 and 5. The Agency and redevelopment area sunset on March 31, 2042. The budget was adopted by the Agency on September 11, 2025 (Resolution CRA-R-25-0047) and by the City on September 25, 2025 (Resolution R-25-0409). The Board action was on July 21, 2026. No specific street address, parcel, acreage, or zoning change is stated.