Finance Committee for 5/11/2026

The City of Troy, Ohio Finance Committee met on May 11, 2026, to discuss the funding allocation for the Troy Development Council (TDC) for the year 2026. The committee reviewed a request from the city director to approve quarterly payments totaling $140,000, with funding sourced from the general fund as well as water and sewer funds. This funding had been previously approved but withheld pending organizational restructuring and CEO recruitment efforts, which are progressing with an anticipated announcement by the end of May. Committee members emphasized the critical role of the TDC in local economic development, business recruitment, and retention, and unanimously recommended emergency legislation to release the funds to support ongoing initiatives and salaries. No immediate large projects requiring urgent funding were identified, but the committee acknowledged the importance of maintaining financial support to ensure the TDC's operational stability and future success.