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Margate reduces city contribution to CRA from 95% to 80% of TIF revenues to preserve funds for operations
City Commission of Margate, Florida · August 21, 2025
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Summary
The commission approved an interlocal agreement to adjust the tax-increment financing (TIF) deposit to the Margate Community Redevelopment Agency from 95% to 80% of statutory increment revenues; commissioners said the change allows the city to retain funds for operations, including public-safety staffing as the CRA focuses on completing downtown.
The Margate City Commission voted on Aug. 20 to approve an interlocal agreement between the city and the Margate Community Redevelopment Agency that reduces the city’s contribution of tax-increment financing…
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