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Opelika CRA adopts FY2025–26 budget; board debates $120,000 police allocation and streetscape plan
Summary
The Opelika Community Redevelopment Agency approved its FY2025–26 budget, which reduces several grant programs, sets aside 10% for affordable housing, and includes $120,000 earmarked for a police agreement; board members disputed the police allocation and proposed alternatives including food gardens, beautification and lighting.
The City of Opelika Community Redevelopment Agency on Thursday adopted its fiscal year 2025–26 general operating and tax-increment fund budget, setting total projected revenue and allocating funds to grants, programs and administrative costs. The board approved the budget by roll call following discussion about program reductions and a $120,000 line the director described as a tentative allocation for a police agreement.
Interim Executive Director reviewed the packet and said the agency projects $2,000,908 in combined city and county tax-increment revenue and total revenue of $3,552,568 when carry-forward and interest earnings are included. The director said the agency’s available funds are lower than last year — roughly $3.5 million this year versus about $7.9 million previously — because the CRA spent nearly $4.5 million on property purchases in the prior year.
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