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You are Viewing an Archived IssuePosted: 06/25/14
Village approvesThe Romeo Downtown Development Authority (DDA) will ratify its $210,050 budget next month.
The Village Board of Trustees voted unanimously to approve the DDA's budget at its June 16 meeting. Village President Mike Lee said the village will use revenue generated from property sales on Mussey Street to provide funding to the DDA. He said the hope is to generate $30,000 for the DDA.
A total of $119,550 is expected to come in from tax revenue for the DDA. The DDA must ratify the budget for it to become official.