The Traverse City DDA Operational Budget is funded through a 2 mill levy on property owners within the DDA District. Additional funding comes from intergovernmental contracts, fees, and the Downtown Traverse City Association. The DDA Operational Budget supports administration, office supplies (i.e. computers, phones, email accounts, etc.), related items, community promotional items (i.e. flower baskets), and professional services (i.e. IT services, web services, etc.)

To see the full Operational Budget, CLICK HERE.

Parking Administrative Fee

The DDA has an intergovernmental agreement with the City of Traverse City to manage Traverse City Parking Services (TCPS) a City enterprise. The administrative fee to manage parking is taken straight from the Parking Fund and covers the cost of administration for the parking department, nearly 20 employees. Therefore, TCPS is self sustaining. No City General Fund dollars are provided to the DDA for staffing of the organization or the parking department. 

TCPS then operates with a separate annual budget that is generated through parking revenues. The City of Traverse City General fund receives 10% of parking revenues. For example, in Fiscal Year 2017-2018, TCPS contributed over $330,000 to the the City General Fund.

Downtown Traverse City Association Fee

The DDA has an agreement to manage the Downtown Traverse City Association (DTCA), a non-profit organization that is responsible for the marketing and promotion of Downtown Traverse City. The DTCA is funded through merchant dues, program revenues, and sponsorships. Special events, the Downtown Gift Certificate Program, and the overall promotion of Downtown is funded by the DTCA budget. The DTCA provides nearly $70,000 annually to the DDA for administration.

Traverse City Arts Commission Fee

As of July 1, 2019, the DDA has an intergovernmental agreement with the City of Traverse City to manage the Traverse City Arts Commission. The fee for services is $15,000. However, the DDA also contributed $15,000 to the Public Art Trust Fund in Fiscal Year 19-20.