The creation of the CRA will not facilitate economic growth on its own, but when implemented, offers the area a viable alternative to depending on federal, state, and local dollars alone for community improvements.
The creation of a CRA does not require tax increases to the property owners of the redevelopment area. Tax Increment Financing (TIF) allows the CRA to fund itself. TIF works as follows: The year a CRA is created is called the base year. The amount of tax money that goes to the County in each subsequent year will remain the same as in the base year for as long as the CRA is in existence. Normal appreciation of the property and any new growth within the redevelopment area causes an expansion of the tax base, and this incremental increase goes into a trust fund that finances the CRA’s activities. In addition to the TIF revenue, the CRA applies for various grants, but our annual TIF revenue is necessary to pay the bond payments in future years.
- Read more about WCRA
- WCRA Brochure
- Watch our Video from WPEC Channel 12
- Job Opportunities
- DEADLINE: June 12, 2015 The Westgate WCRA is seeking a Project Manager with architectural background. Responsibilities include: Planning (Site plan reviews), Grant Management and Marketing.Knowledge and Experience: Degree in Architecture, Planning, or in similar professions, 5 years of experience and 2 years of supervisory experience. WCRA experience preferred.Resumes will be accepted by e-mail to Sharon Sheppard, Ssheppar@pbcgov.org up until June 12, 2015. Contact Sharon Sheppard via email or at 561-640-8181.
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