Resources
Reports, budgets, and transparency
Download annual reports, review CRA budgets, and understand how Tax Increment Financing works.
Annual Reports
Each year, the CRA publishes a comprehensive annual report detailing investments, projects, and financial performance.
Annual Report 2024
Comprehensive report covering FY2023-2024 investments, projects, financials, and community impact.
Open PDF
Annual Report 2023
Annual overview of CRA programs, capital projects, and district performance.
Open PDF
Annual Report 2022
Year-in-review of redevelopment initiatives and financial position.
Open PDF
CRA Budgets
Annual budgets outlining planned expenditures and revenue projections for each fiscal year.
How Tax Increment Financing Works
Tax Increment Financing (TIF) is a public financing mechanism used by CRAs to stimulate economic development. When a TIF district is established, the assessed value of all properties within its boundaries is recorded as the "base year" value.
As redevelopment efforts improve property values, the increased property tax revenue -- the "tax increment" -- is redirected back into the TIF district and used exclusively for reinvestment within that area. These funds finance public improvements, leverage private investment, and support ongoing redevelopment projects without raising taxes.
The original base tax revenue continues to go to the taxing authorities, ensuring they are not negatively impacted. This approach allows communities to reinvest in themselves using the future gains generated by their own growth.
FY2024 Financial Snapshot
$7,375,358
Beginning Fund Balance
$10,420,541
Total Revenues (FY2024)
$4,956,153
Total Expenditures (FY2024)
$12,839,746
Ending Fund Balance
$17,214,925
Net Position
40% YoY
TIF Revenue Growth
Governing Documents
The foundational legal documents that established and guide the Haines City Community Redevelopment Agency.
Community Redevelopment Plan
The master redevelopment plan for Haines City covering the US-27 corridor, historic downtown, housing, neighborhoods, and recreation. Prepared by The RMPK Group.
Open PDF
Finding of Necessity
Blight study for the proposed amended CRA project area. Documents the conditions of slum and blight within the city limits under Florida Statute Chapter 163, Part III.
Open PDF