Jacksonville Beach CRA adopts FY 2025-26 budget allocating $14.9 million in tax-exempt proceeds

The Jacksonville Beach Community Redevelopment Agency on July 28 approved its fiscal year 2025–26 budget, budgeting $14,905,753 in tax-exempt proceeds across the agency’s two districts. The board voted to adopt the final budget after staff summarized small adjustments since the preliminary draft. Agency staff said the tax-exempt proceeds total $14,905,753, with the downtown district budgeted to receive $11,474,411 and the South End $3,431,342. “The tax exempt proceeds are budgeted at $14,905,753 for both districts. Downtown is budgeted to receive 11,474,411 and the South End $3,431,342,” staff reported during the meeting. Board discussion focused on minor changes from the preliminary budget, chiefly small increases in personal services and internal service charges driven by payroll, insurance and pension adjustments. Staff described those as expected fluctuations tied to the city’s pay plan; the figures include approximately $11,000 more for the police allocation and increases of about $10,000 for downtown and just over $5,000 for the South End in internal service charges. With no further questions from board members, the CRA chair called for a motion. The motion to adopt the budget passed by voice vote. Board members recorded on the roll call as voting in favor were Vivi Talcott, Thad Mosley, Gary Patow, Ron Whittington and Megan Edwards. The agency’s budget officer was present at the meeting to answer technical questions and staff said a final copy of the revised budget breakdown sheets will be distributed to board members for use during the fiscal year. The board chair said the “hard part” will be implementation in the coming year and closed the item after the vote.