CRA Overview
CRA Financial Information
Turning Tax Value into Redevelopment Revenue
The 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.
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.
Download 2011 Financial Statement
Download 2010 Financial Statements
For copies of Financial Statements and Annual Reports from previous fiscal years, please contact the
CRA at 737-3256, ext. 203.
CRA Purchasing Policy
Download Procurement Policy Approved By CRA Board January 13, 2009