26-0137 CRA: DISCUSSION - UPDATE ON THE DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET PRESENTATION FOR FISCAL YEAR 2026-2027

Description

DISCUSSION - UPDATE ON THE DELRAY BEACH COMMUNITY REDEVELOPMENT AGENCY BUDGET PRESENTATION FOR FISCAL YEAR 2026-2027

Summary

The Delray Beach Community Redevelopment Agency’s proposed FY 2026–2027 budget totals $89.57 million in both projected revenue and expenditures. Revenue includes $48.66 million in tax-increment financing, with $28.63 million from the City and $20.02 million from the County, plus $39.71 million carried forward from the prior year and other property, grant, loan, and program income. Major spending supports West Atlantic and downtown redevelopment, neighborhood plans, Northwest improvements, Pompey Park, land acquisition, parking, affordable and workforce housing, building renovations, grants, clean-and-safe services, arts, and administration. The proposal affects CRA-funded projects and services in Delray Beach. It was presented for discussion on August 27, 2026; final approval was scheduled for September 24, 2026.