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Titusville CRA presents FY2024 annual report highlighting infrastructure, downtown investments
Summary
The Titusville Community Redevelopment Agency presented its fiscal year 2024 annual report, outlining tax-increment financing history, capital and noncapital projects, and grant leverage; the board approved the report with the financial audit by voice vote.
The Titusville Community Redevelopment Agency on April 8 approved its fiscal year 2024 annual report and financial audit after a presentation that summarized tax-increment financing (TIF) history, capital projects and grant-funded downtown investments.
The report, required by state statute 163.371, shows TIF receipts peaking in 2017–18 following construction of the Indiana Harbor condos, a drop during the 2008–09 recession and a recovery beginning about 2019. "The annual report along with the financial audit is truly the best report for you to have at your fingertips," presenter Sue Williams said, noting the document details completed and ongoing capital and noncapital projects.
Nut graf: The report documents infrastructure work and downtown revitalization the CRA supported in FY2024, including sewer and stormwater upgrades, mixed-use rehabilitation, pedestrian connections, and public‑space amenities; board members and staff emphasized the role of grant…
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