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     CRA DISTRICT Boundary Map |
CRA Funding 
Turning Tax Value into Redevelopment RevenueThe CRA is funded through Tax Increment Financing (TIF), which raises revenues for development efforts without raising taxes. When the CRA was created in 1982, the value of the property in the CRA district was established as the "base year" amount. Property taxes received in subsequent years over the base year amount go to the City and County, who then pay the increment, or the increased value over the base year, back to the CRA for redevelopment purposes. Without redevelopment, the area would become blighted and the tax revenue would continue to decrease. 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, has created revitalization with commerce and investment, affordable housing, culture and entertainment, and community quality of life creating exciting new benchmarks. Download 2009 Financial Statements  396 kb |
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