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Commission approves TIF 97 ballot language for November 2026 with revised projection method
Summary
The commission approved ballot language for a modification/extension of the TIF 97 plan to appear on the Nov. 2026 ballot, using the plan's 70% capture and projecting total capture with a historical 7% annual growth assumption; commissioners discussed wording clarity and rounding.
The commission voted to place amended ballot language for the Traverse City Downtown Development Infrastructure TIF Plan (TIF 97) on the November 2026 ballot. City Attorney Kelly explained the changes were intended to align the resolution with the commission’s implementation policy and the plan’s structure: the resolution references the plan’s 70% DDA capture and uses an historical growth assumption of about 7% per year over the 20‑year period for projected totals.
The attorney said the revised resolution “adopts the historical increase of approximately 7 percent,” language that prompted discussion among commissioners about whether the projection should be rounded for clarity. Commissioner Heather expressed a preference to round up on estimates; others said the language as revised followed policy and was acceptable. Several public commenters asked what happens if voters reject the measure and whether the city or DDA would campaign; staff clarified that the city does not campaign as a municipal body and that financial implications have been discussed in prior budget sessions.
The commission adopted the resolution to place the TIF measure on the ballot. The measure’s specific projected-capture figure and the plan details will be available in the ballot materials and plan exhibits.
