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Stuart CRA adopts $20.5 million FY‑2026 budget, plans $10.7M Guy Davis Park work and $8.7M streetscape
Summary
The Community Redevelopment Agency presented and the board approved a $20.5 million fiscal 2026 CRA budget and capital improvement program that includes major allocations for Guy Davis Park improvements, a Seminole Street undergrounding and streetscape project, and Riverside Park work.
The Community Redevelopment Board voted unanimously on July 1, 2025, to approve the Community Redevelopment Agency’s fiscal year 2026 budget and five‑year capital improvement program totaling $20.5 million.
Pinal Gandhi Savdas, redevelopment director, told the board that the CRA’s primary revenue source is tax increment financing (TIF). When the CRA was established the base taxable value was $299 million; the current taxable value within the CRA is about $940 million, producing an increment of about $641 million. For fiscal 2026, city and county contributions to the CRA trust fund were described as roughly $2.9 million…
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