The closeout of the 2017 budget for the Community Redevelopment Agency (CRA) shows that personnel expenses have increased approximately 66% over the last four years. During this period personnel expenses increased from $330,286 in 2013 to $547,872 in 2017.
The growth in CRA personnel expenses is approximately nine times the growth rate of personnel expenses for the City of Tallahassee, which increased 7.4% during the same period.
At the end of 2017, the actual revenues and prior-year funds were $7,546,520, which included the sale of the O’Connell property and 715 West Gaines Street for $1,329,270 and the sale of $66,014 of capacity from the Coal Chute Stormwater Pond.
The actual FY 2017 CRA operating expenses for both districts was $640,758.
The final FY 2017 capital expenditures, which included project and program expenditures approved by the CRA Board and the CRA Executive Director after the budget was adopted, were $2,001,880. The actual reserves for FY 2017 totaled $3,102,964.
The CRA has been in news over the last year because of the FBI investigation and due to the approval of a number of high profile projects.
The CRA Board consists of the City of Tallahassee Mayor, the four City Commissioners and four members of the Leon County Commission.