Newberry $1.1M CRA Budget Prioritizes Critical Infrastructure

NEWBERRY – In a brief session, Newberry’s Community Redevelopment Agency (CRA) Board convened to hold a public hearing and discuss the adoption of the CRA budget for Fiscal Year 2024-25. The budget, amounting to $1,145,390, was presented by Newberry Assistant City Manager and CFO Dallas Lee, and received unanimous approval from the board.

The CRA is focused on revitalizing and improving areas that are economically distressed or underdeveloped. The CRA uses tax increment financing (TIF) to fund improvements like roads, utilities, and public spaces, aiming to attract businesses, create jobs, and improve the quality of life for residents.

During the meeting, there were no questions or comments from the public regarding the proposed budget.

City Manager Mike New highlighted that a significant portion of the budget — approximately $1 million — has been designated for critical infrastructure improvements within the CRA District.

These funds will be directed towards projects aimed at enhancing the district’s roads, utilities, and overall accessibility, which are considered essential to fostering economic growth and development in the area.

The CRA's commitment to infrastructure underscores its long-term goal of revitalizing areas within the district and attracting new businesses and investments.

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