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Redevelopment agency adopts FY2026 budget; board discusses limits of CRA spending and possible boundary changes
Summary
Temple Terrace Redevelopment Agency adopted its fiscal year 2026 budget unanimously. Finance Director Ingram told the board the CRA budget totals $1,736,084.84 and is restricted to activities inside the redevelopment area; board members asked staff to research changing CRA boundaries and legal limits under recent state law.
The Temple Terrace Redevelopment Agency unanimously adopted its fiscal year 2026 budget after a brief presentation and roll-call vote.
Finance Director John Ingram told the board the TTRA operates as "a dependent special district operating under the restrictions of chapter 163 part 2 of the Florida state statutes" and that estimated revenue for the fiscal year beginning Oct. 1, 2025, equals $1,736,084.84, "in keeping with past practices and the requirements of Florida law." He said the budget lists $907,134 for scheduled principal and interest payments on the CRA loan, $3,000 for the annual CRA audit,…
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