DID Budget Completed
The DID budget is set at $695,100 and the agency listed general expenses of $532,500 for the fiscal year. The budget's remaining $162,600 will cover a portion of the cost needed to operate the
"These services are tailored to benefit the properties within the district by ensuring the long-term viability and competitiveness of the downtown area by providing services that will, to some extent, decrease normal operating expenses for property owners and by enhancing property values," said Jay Fowler, assistant city planning director and executive director of the Downtown Development Authority.
The Downtown Alliance will administer the Downtown Improvement District's budget and receive $70,000 for doing that. The budget also contains $30,000 that will go toward neighborhood development.
"We've gotten a lot of compliments about downtown," said First Ward Commissioner
Almost all of the revenue DID receives comes from property-tax assessments in the district.