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Port Richey staff present $5.61 million draft CRA budget for 2026–27
Summary
City staff presented a draft fiscal-year 2026–27 Community Redevelopment Agency budget of about $5.61 million, noting a large multi-year carryforward and that grants and parks comprise major planned spending. The board discussed turning carryover into active projects and confirmed a public hearing will follow final TIF rate actions.
City staff presented a draft fiscal-year 2026–27 Community Redevelopment Agency budget totaling roughly $5,610,000 and walked the board through revenue sources and appropriations. The presentation described tax increment funding, impact fees, transfers and a sizable carryforward that staff said reflects multi-year capital projects, particularly for parks. "This is our CRA budget overview CRA budget overview," staff said during the presentation.
The presenter highlighted that about $1,640,000 is tax increment funding, impact fees are listed at $12,600, miscellaneous revenue at $170,000 and transfers at $916,167, with a carryforward in excess of $3,350,000. Staff noted grants account for about $270,000 of activity in the CRA this year. The board asked questions about deploying those funds into city projects, and the vice chairman urged staff to move toward putting the money to work quickly. The presenter emphasized the draft nature of the book and that final numbers will be locked after the public hearing and TIF-rate posting.
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