REVENUES
The primary revenue of the Ballough Road Redevelopment District is generated by the portion of property taxes generated by taxable property values above the base level of $ 9,086,882 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 $286,242. The budgeted equivalent TIF revenues for the current year total $299,652. BALLOUGH ROAD REVENUES The primary revenue of the Ballough Road Redevelopment District is generated by the portion of property taxes generated by taxable property values above the base level of $ 9,086,882 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 $$286,242. The budgeted equivalent TIF revenues for the current year total $ $299,652.
Ballough Road 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 1985. The district is scheduled to expire in 2036.
$40,000,000
$35,000,000
$30,000,000
$25,000,000
Increment Base
$20,000,000
$15,000,000
$10,000,000
$5,000,000
$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 1985. The district is
scheduled to expire in 2036. EXPENDITURES – FUND 132 The expenditure for FY 2024/25 included the following:
• $164,141 for personal services and benefits • $49,039 for a developer grant – TIF agreement payment • $24,029 for operating expenditures.
EXPENDITURES - FUND 132
The largest operating expenditures were for professional services ($10,300), information systems internal charges ($6,130), car allowance ($4,650), and employment services internal charges ($545).
The expenditures for FY 2023/24 included the following: • $164,141 for personal services and benefits • $49,039 for a developer grant – TIF agreement payment • $24,029 for operating expenditures.
The largest operating expenditures were for professional services ($10,300), information systems internal charges ($6,130), car allowance ($4,650), and employment services internal charges ($545).
2024-25 CRA Annual Report | 29 | Return to Table of Contents
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