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Port Richey CRA reviews FY 24/25 annual report ahead of county submission
Summary
Staff presented the CRA’s FY 24/25 annual report—required to be posted by March 31—highlighting new state law-driven performance measures, an edited property map, and a five‑year CIP; no board action was taken and staff will submit the report to the county after review.
City staff presented the Port Richey Community Redevelopment Agency’s FY 24/25 annual report and told the board the document must be published on the county website by March 31.
The presentation described the report’s cover page, executive summary, an edited property-appraiser map and newly required performance measures. Staff said a recent state law requires special districts to include a goals-and‑objectives summary, and added a tiered approach to evaluate CRA projects against the CRA plan.
Staff noted several project statuses: many programs remain "in progress," the community grants program was listed as achieved, and waterfront redevelopment is currently marked as "not achieved" and will be reprioritized as plans develop. Financial statements, revenue/expenditure breakdowns, and a five‑year capital improvement spending plan tied to previously approved CIP projects were included.
Staff emphasized that changes to the CRA plan, budget or CIP require formal board approval at a future date; the board had no action to take at the meeting and staff will transmit the report to the Pasco County administrative office next.
No vote was required. The presentation concluded with staff offering to return with updated budgets and concept-level priorities as projects move into engineering and cost-estimating phases.
