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Lapeer DDA committee approves FY2026 budget and director compensation package
Summary
The Lapeer Downtown Development Authority Executive Committee approved a proposed FY2026 operating budget and an amended compensation package for the DDA director that includes a 5% raise and a one-time $5,200 bonus to set up a retirement account; city-commission approval is required for final implementation.
The Lapeer Downtown Development Authority Executive Committee on April 1 approved a FY2026 operating budget and an amended compensation package for the DDA director that raises base pay by 5% and adds a one-time $5,200 bonus intended to start a retirement account.
Chair (speaker 3) introduced the compensation proposal, saying the committee set a salary line of $61,588.80 after reviewing peer DDAs in Michigan and noting the director had not received an increase in 2025. The package retains three weeks of paid time off and continued insurance coverage. The committee settled on a one-time $5,200 bonus "to be used to start the retirement account" rather than committing to an ongoing employer…
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