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Mount Clemens approves large budget amendments to fund downtown, riverfront projects
Summary
The Mount Clemens City Commission approved major budget amendments recognizing grant and sale revenues, including a $5 million downtown revitalization grant and about $3.9 million from the Ice Arena sale to offset the city's general fund contribution; staff said riverfront work and other projects are included.
The Mount Clemens City Commission on [date] approved a sizable amendment to the city’s 2024–25 fiscal year budget to recognize newly awarded grant revenues and to budget for multi-year projects, city finance staff said.
Finance staff member (speaker 10) told commissioners the amendments primarily “recognize grant revenues that have been awarded,” and that the city is budgeting full project costs up front because many projects will cross fiscal years. “We received about $3,900,000 for that sale,” the staff member said, referring to proceeds from a prior Ice Arena sale that the…
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