Description
Title: Budget Memo FY 2027
Summary
The LDFA Budget Proposal for FY 2026-2027 outlines a financial plan for the Local Development Finance Authority (LDFA) in Ann Arbor. The total expected revenue is $6,608,594, derived from Tax Increment Financing (TIF) and other income sources. Key expenses include $950,000 for direct staffing, $1,375,491 for direct company support to aid startups, and $300,000 for mobility support. Notably, the budget reflects a 25% increase in direct company support, indicating strong demand for entrepreneurial services. The proposal also emphasizes a reserve of $30,000 for potential audits or strategic planning. This budget affects local businesses, startups, and the community by providing resources for innovation and economic
Published: Feb 23, 2026, 6:39 PM
Processed: Feb 24, 2026, 6:25 AM