Approve the March 2026 Financial Statement for Filing. — March 2026 — Downtown Development Board (2026-05-18)

AI Summary

The Downtown Development Board Fiscal Year 2025/26 Budget for Fund 182 allocates $2,072,696 in revenues (including $509,628 in ad valorem taxes and $919,603 transferred from the Downtown CRA) toward operating expenses, marketing programs, and business assistance initiatives. Major expenditure categories include marketing events ($554,113), business assistance programs ($414,653), and staff/administration ($97,365). The budget funds downtown activation efforts, community events, and grants to support local businesses and economic development in Clearwater.