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Downtown board files June financials and approves proposed FY2026–27 budget
Summary
The Downtown Development Board filed the June 2026 financial statement and approved a proposed FY2026–27 budget totaling $1,513,438, which includes major allocations for marketing, business assistance, special events and a $150,000 roll-out of a new DDB brand and logo.
The Downtown Development Board approved filing the June 2026 financial statement and unanimously adopted the board’s proposed fiscal year 2026–27 budget on Aug. 3. Brian Ulbrich, CRA coordinator, reported June expenditures of $45,846 and year-to-date expenditures and transfers of approximately $940,890; total fund balance was presented as $1,131,806.25.
Anne Lopez, CRA assistant director, then reviewed the proposed DDB budget of $1,513,438. She said projected property tax revenue is $523,809 and the proposed budget relies on $567,915 from unassigned fund balance to support planned expenditures. Major line items in the proposal include $602,369 for marketing (including $150,000 to roll out a new DDB brand and logo), business assistance and future downtown initiatives.
Trustees voted to approve the budget and to forward it to the DDB’s millage and budget hearings scheduled for September. Staff said any necessary budget amendments will be brought forward after the current fiscal year closes.
