The most significant topic of the meeting was the approval of the final CRA budget for the upcoming fiscal year. The proposed budget includes revenues amounting to $1,114,991 and projected expenditures totaling $1,274,187. To cover the shortfall, a transfer from the reserve funds amounting to $159,007 was proposed. The budget preparation involved the CRA Advisory Board, and it was clarified that a substantial portion of the reserves will be used for improvements on Florida and Ohio Avenue. After a brief discussion, a motion to approve the budget was made, seconded, and passed unanimously.

Another crucial item on the agenda was the discussion and possible approval of the goals and objectives analysis for the fiscal year 2024-2025. This document, a new requirement due to recent legislative changes, outlines the goals and objectives for the CRA and includes performance measures to track progress. The legislature now mandates such special districts to specify and report their goals and objectives. The document must be posted by October 1, 2024, and reviewed by December 1, 2025, to assess the achievement of the set goals. The board approved the proposed goals and objectives after a brief discussion and commendation for the quality of the document.