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Boca Raton CRA adopts $54 million FY 2025–26 budget, reserves funds for downtown projects
Summary
The Boca Raton Community Redevelopment Agency on Sept. 22 adopted its fiscal year 2025–26 budget, approving a $54 million operating plan, reserved capital carryovers and funding for downtown infrastructure and programs in a 5–0 vote.
The Boca Raton Community Redevelopment Agency on Sept. 22 adopted its fiscal year 2025–26 budget, approving a $54 million operating plan and reserving multiyear capital funds for downtown redevelopment in a 5–0 vote.
The resolution formally adopting the CRA budget — identified in the meeting as Resolution 2025-08 (CRA) — passed unanimously. Chair Wictor called for the roll; the vote was 5–0 in favor.
The budget presentation, led by Stephen Timberlake of the Financial Services Department with Jim Zervos, the city's chief financial officer, described the CRA's revenue mix and planned projects. Timberlake said the CRA expects about $26.75 million in tax-increment…
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