These figures are the CRA’s proposed budget for fiscal year 2026-2027 and have not yet been adopted by the CRA Board. They cover everything the agency plans to spend in the year, including capital projects, grant programs, scheduled debt payments, and the cost of running the office. The CRA’s revenue comes from tax increment financing, not from a separate tax.
| Description | FY 25/26 Budget | Proposed FY 26/27 | Change |
|---|---|---|---|
| City TIF Revenue | $1,304,123 | $1,371,020 | +$66,897 |
| County TIF Revenue | $1,425,985 | $1,454,505 | +$28,520 |
| Total TIF | $2,730,108 | $2,825,525 | +$95,417 |
| CRA Incurred Debt | $0 | -$1,500,000 | -$1,500,000 |
| Accumulated Balance | $2,730,108 | $1,325,525 | -$1,404,583 |
| Unassigned Carryforward Funds FY 24/25 | $0 | $0 | $0 |
| Cash | $1,952,425 | $3,626,491 | +$1,674,066 |
| TOTAL REVENUES & BALANCES | $4,682,533 | $4,952,016 | +$269,483 |
| Category | Proposed ($) | % of Total |
|---|---|---|
| CRA Property Acquisition and Construction | $2,000,000 | 40.5% |
| Debt Service | $0 | 0.0% |
| District Activation & Placemaking | $445,892 | 9.0% |
| Commercial Redevelopment | $790,000 | 16.0% |
| Public Spaces Redevelopment | $400,000 | 8.1% |
| Residential Redevelopment | $605,000 | 12.2% |
| Operating Expenses | $699,447 | 14.2% |
| TOTAL | $4,940,339 | 100.0% |
Projected fund balance after expenditures: $11,677.
Select a category to see its line items.
