The City of Mulberry CRA derives its operating revenue from Tax Increment Financing (TIF), a dedicated source of property tax revenue derived from the general ad valorem property taxes assessed by the City of Mulberry and Polk County on properties located within the CRA area. Provision of this revenue to the CRA is in accordance with Florida Statute 163.387 “Redevelopment Trust Fund.” The amount of revenue is determined annually based on current property valuation and tax rates for City and County property taxes.
State of Florida Local Government Annual Financial Report