REVENUES
The primary revenue of the South Atlantic Redevelopment District is generated by the portion of property taxes generated by taxable property values above the base level of $ 63,521,382 established when the CRA was created, as generated by the City of Daytona Beach, Volusia County, and Halifax Hospital. In FY 2024/25, the CRA’s TIF revenues totaled $515,379. The budgeted equivalent TIF revenues for the current year total $463,932. SOUTH ATLANTIC REVENUES The primary revenue of the South Atlantic Redevelopment District is generated by the portion of property taxes generated by taxable property values above the base level of $ 63,521,382 established when the CRA was created, as generated by the City of Daytona Beach, Volusia County, and Halifax Hospital. In FY 2024/25, the CRA’s TIF revenues totaled $515,379. The budgeted equivalent TIF revenues for the current year total $463,932.
South Atlantic Taxable Property Values
The chart provided indicates the total taxable value, segregated into the base and increment. The base represents the taxable value when the CRA was established in 2000. The district is scheduled to expire in 2036.
120,000,000
100,000,000
80,000,000
Increment Base
60,000,000
40,000,000
20,000,000
0
FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
The chart provided indicates the total taxable value, segregated into the base and increment. The base represents the taxable value when the CRA was established in 2000. The district is scheduled to expire in 2036.
EXPENDITURES - FUND 130 The expenditures for FY 2024/25 included the following:
$263,933 for Lang Acquisition
•
• $ 4,769 for personal services and benefits • $ 48,442 for operating expenditures. The largest of these expenditures were for grant expenditures ($30,835), maintenance and repair ($ 3,775), professional services – other ($7,441) demolitions and condemnations ($6,100).
EXPENDITURES - FUND 130
The expenditures for FY 2024/25 included the following: • $263,933 for Lang Acquisition • $ 4,769 for personal services and benefits • $ 48,442 for operating expenditures.
The largest of these expenditures were for grant expenditures ($30,835), maintenance and repair ($ 3,775), professional services – other ($7,441) demolitions and condemnations ($6,100).
2024-25 CRA Annual Report | 27 | Return to Table of Contents
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