Tax Increment Finance Authority (Monroe North TIFA)
The Monroe North Tax Increment Financing Authority (TIFA) is a funding tool Downtown Grand Rapids Inc. administers to help catalyze public and private investment in the Monroe North neighborhood. Funds go to support real private property improvements, build streets and public infrastructure, as well as maintain and expand parks and other public amenities.
Established by the City Commission in 1985 under state law, the Monroe North TIFA's principal source of funding revenue generated by increasing property values within the MNTIFA district. City Commission annually approves the budget. A 9-member Board of Directors appointed by the Mayor with concurrence from the City Commission governs the Monroe North TIFA. The Board meets quarterly.
Downtown Development Authority/Monroe North Tax Increment Finance Authority 2nd Informational Meeting
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DGRI Office (29 Pearl Street NW Suite 1 Grand Rapids, MI 49503)
Fiscal Year 2021 Budget
The Monroe North Tax Increment Finance Authority Board on April 8, 2020 recommended the TIFA's Fiscal Year 2021 budget for City Commission approval. The 2021 fiscal year runs from July 1, 2020 - June 30, 2021. The City Commission authorized the budget on April 28, 2020.
The Board on May 12, 2021 adopted the TIFA's Fiscal Year 2022 budget. The City Commission approved the budget on May 11, 2012. The 2022 Fiscal Year runs from July 1, 2021 to June 30, 2022.
Financial Audits
All financial audits are conducted in accordance with generally accepted auditing standards in the United States of America.
Michigan's Freedom of Information Act (FOIA) ensures public access to government records. Our FOIA Procedures and Guidelines describe the process and expectations for the public to submit formal requests information. If you seek something specific, give us a call. We will help you find it.
