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North Miami CRA approves amended FY2024–25 budget, adopts FY2025–26 spending plan
Summary
The North Miami Community Redevelopment Agency on Sept. 25 voted 5-0 to approve an amended fiscal year 2024–25 budget and to adopt a proposed fiscal year 2025–26 budget, authorizing the executive director to transmit both documents to the City of North Miami and Miami‑Dade County.
The North Miami Community Redevelopment Agency on Sept. 25 voted 5-0 to approve an amended fiscal year 2024–25 budget and to adopt a proposed fiscal year 2025–26 budget, authorizing the executive director to transmit both documents to the City of North Miami and Miami‑Dade County. The board approved the amended FY2024–25 budget and then adopted the FY2025–26 plan after public hearings and staff presentations.
The agency’s executive director told the board that amended FY2024–25 revenues increased from $78,746,305 to $80,112,973 because “we had more money in there” and “we made more — way more — in interest than we anticipated.” The proposed FY2025–26 budget projects revenues of $84,312,786, the executive director said, reflecting higher…
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