HIGH SPRINGS ‒ In an effort to bolster economic development in High Springs, the City of High Springs is putting more funds into the Community Redevelopment Agency (CRA). High Springs Finance Director Diane Wilson reviewed the proposed Fiscal Year 2022-23 CRA budget with the CRA Board during the Sept. 19 meeting.
The FY 2021-22 budget was set at $326,692 and $400,740 is earmarked the proposed FY 2022-23 budget—a nearly 23 percent increase.
City Manager Ashley Stathatos reviewed several of the proposed projects in the coming year’s budget. The Grant Program, previously known as the Façade Grant, will increase to $100,000 from the prior year amount of $50,000. The increased funding will allow not only grants for facades, but also structural improvements as well.
The Marketing and Promotions line item was increased from $5,000 to $25,000 based on decisions made during the Strategic Planning project to promote the downtown area. The CRA will be receiving money from the General Fund to work on economic development projects for the City as a whole.
Funds allocated for administration will remain the same as last year, but will be a lower percentage of the increased budget.
Board member and City Commissioner Linda Jones moved and Board Member and City Commissioner Ross Ambrose seconded a motion to approve the FY 2022-23 CRA budget. The motion passed unanimously.
The Facilities Plan Proposal and CRA Expansion Study Plan are anticipated to be discussed at the next CRA meeting, which is proposed for 5:30 p.m. on Oct. 13.
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High Springs Doubles Down on Economic Development, Increases CRA funding
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