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Stuart CRA adopts $20.5 million FY2026 budget, allocates $10.7 million for Guy Davis Park
Summary
The Community Redevelopment Agency of Stuart on Sept. 22 approved a $20.5 million fiscal year 2026 budget, funded largely by tax increment financing and grants, and adopted a five‑year capital improvement plan that prioritizes infrastructure and parks projects.
The Community Redevelopment Agency of the City of Stuart approved a $20,500,000 budget for fiscal year 2026 and a five‑year capital improvement plan at its Sept. 22 meeting, with the board voting unanimously to adopt resolution 06‑2025. The resolution also appropriates funding for capital projects inside the CRA boundaries.
The approved budget is funded primarily by tax increment financing, grant reimbursements and fund balance. CRA Director Pinal Gandhi Sadas told the board the CRA’s original base taxable value was $299,000,000 and the current taxable value for the CRA is $940,000,000, producing an increment of roughly $641,000,000. That increment, together with the…
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