TIF Funding & Budget

TIF Funding

Turning Tax Value into Redevelopment Revenue

The Community Redevelopment Agency is funded through tax increment revenues. Properties located in the CRA district do NOT pay any additional property taxes; rather, a portion of the annual City and County taxes collected in the redevelopment area is transferred to the CRA for redevelopment activities. The greater the increase in taxable property values over the CRA's base year (1982), the larger the incremental increase in revenues transferred to the CRA. Other sources of funding for redevelopment activities include the issuance of taxable and nontaxable bonds.

cra funding taxvalue2

As the Community Redevelopment Plan is implemented, the tax base for local government increases significantly. Boynton Beach, by applying CRA skills, expertise and funding to the CRA area, continues to create revitalization with businesses, affordable housing, culture and entertainment, and community quality of life creating exciting new benchmarks.

FINANCIAL STATEMENTS

Download 2016 Financial Statement

2016 Audit Results & Required Communication

Download 2015 Financial Statement

Download 2014 Financial Statement

Download 2013 Financial Statement

Download 2012 Financial Statement

Click here for archive of previous Financial Statements
State of Florida, Department of Financial Services - CRA’s Annual Financial Report
If you don’t see the information you are looking for, please contact the CRA for assistance at 561-737-3256.

Revenue Information

All taxes, fees, assessments, or charges imposed and collected – Not Applicable
Rates or amounts for current fiscal year- Not Applicable
Statutory authority for the levy of the tax, fee, assessment, or charge- Not Applicable