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Marion County CRA confirms preliminary Silver Springs trust fund estimate, approves allocations
Summary
The Marion County Community Redevelopment Agency on a unanimous vote approved a preliminary Silver Springs Community Redevelopment Area trust fund estimate for the 2025–26 fiscal year, keeping the clerk’s $499,000 tax‑increment assumption and confirming a $175,000 allocation for sheriff’s detail.
The Marion County Community Redevelopment Agency on a unanimous vote approved a preliminary Silver Springs Community Redevelopment Area (CRA) trust fund estimate for the 2025–26 fiscal year and authorized continued use of the clerk’s budget estimate for initial budgeting.
The agency convened with Chairman Bridal presiding. Chris Reisen of the Growth Services Department presented the item, saying the Marion County property appraiser’s preliminary valuation for the CRA is $200,200,000. Reisen said that valuation would translate to roughly $514,000 in tax increment revenue, but that the Marion County Clerk of Court’s budget office has been using a tax‑increment estimate of $499,000 and the CRA will continue to base its initial budget…
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