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Brownfields board backs FY26 budget, recommends $1 million transfer to revolving fund
Summary
The Grand Rapids Brownfields Redevelopment Authority voted to advance its fiscal year 2026 priority plan to the City Commission, endorsing a budget that projects a roughly $4 million year-end operating fund balance and recommends transferring $1 million into the local Brownfield revolving fund to support grants and loans.
The Brownfields Redevelopment Authority voted to recommend its fiscal year 2026 priority plan and budget to the Grand Rapids City Commission, including a proposed $1,000,000 transfer from the operating fund to the local Brownfield revolving fund.
The recommendation came during the authority’s May meeting where staff presented operating and revolving-fund projections. Mackenzie Miller, staff member, said the operating fund is expected to end fiscal 2025 with a fund balance of about $4,000,000 and that the FY26 budget was prepared at…
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