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Troy LDFA approves 2025–2028 budget; board sets aside placeholder for infrastructure, may fund Automation Alley roof later
Summary
The Troy City LDFA approved a multi-year budget through 2028 with a modest ending fund balance and a placeholder infrastructure line; the board did not commit funds to a specific Automation Alley roof project at the meeting.
The Troy City Local Development Finance Authority approved a multi-year budget projecting positive cash flow through 2028 and preserving an ending fund balance sufficient to cover modest capital needs.
The budget presented to the board shows revenue and expenditures through 2028 and indicates an ending fund balance of a few hundred thousand dollars. The expenditure category labeled “infrastructure” carries a placeholder figure (approximately $97,000 in the 2025 column), which staff characterized as not being a specific estimate for any single project. A staff presenter said that if Automation Alley…
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