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City’s CRA adopts $638,106 redevelopment budget; projects include working waterfront and sewer connection program
Summary
The City of Sebastian’s Community Redevelopment Agency adopted a FY 2025–26 budget that allocates $638,106 in estimated tax increment revenue and funds several local projects, while staff said a $3.6 million state grant for a sewer project remains pending FDEP approval.
The City of Sebastian Community Redevelopment Agency adopted its fiscal year 2025–26 budget Wednesday, approving an estimated total of $638,106 in revenues and funding several Riverfront projects, staff told the CRA board.
City staff said the estimated tax increment revenue includes $314,399 from the city and $327,323.707 from the county, for a combined projected total of $638,106. In the CRA capital plan, staff highlighted a sign…
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