Tamarac City Officials Discuss $5M Economic Development Reserve Funding Sources

May 12, 2025 | Tamarac, Broward County, Florida


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Tamarac City Officials Discuss $5M Economic Development Reserve Funding Sources
The Tamarac workshop held on May 12, 2025, focused on economic development funding and its implications for the community. The meeting began with a discussion led by Dean Cahus, Director of Financial Services, who clarified the source of a $5 million allocation set aside in 2020 for economic development. This funding originated from the previous 2021 to 2023 budget and has since been replenished for the 2025 budget cycle.

Cahus explained that the economic impact of these funds is measured through job creation and the stimulation of local businesses, which in turn contributes to the city’s overall economic health. He emphasized that the funds would support various initiatives, including commercial facade grants and tenant improvements, aimed at enhancing local businesses and attracting new ones.

A key point of discussion was the eligibility of businesses for these programs. Cahus noted that the funding is available citywide and not limited to specific areas, allowing a broad range of businesses to benefit from the financial support.

Concerns were raised regarding the source of funding and its potential impact on property taxes. In response, officials reassured attendees that the current fiscal year’s budget is based on last year’s property taxes, indicating no immediate impact on residents' taxes due to these allocations. However, questions about future tax increases and public input on budget decisions were acknowledged, highlighting the community's interest in transparency regarding financial matters.

The meeting concluded with expressions of excitement from community members about the new programs and their potential to foster economic growth in Tamarac. Overall, the workshop underscored the city’s commitment to supporting local businesses and enhancing the economic landscape while addressing community concerns about funding and taxation.

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