News

Board of Directors Approves FY 2016 Budget

On September 11, the Board of Directors of the Capitol Hill Business Improvement District (BID) approved the budget for fiscal year 2016 (October 1, 2015 – September 30, 2016). Click Here to view FY 2016 Budget.

The projected total income for FY 2015 is $2,185,483 and reflects an increase in annual actual tax revenues of approximately 4.75% over FY 2014.  Contractual income jumps from $906,300 to $1.925 million and reflects a substantial new maintenance contract we’ve been awarded by the new Southwest Business Improvement District.

Should you have any questions regarding the enclosed budget or any other BID issues, please contact Patty Brosmer, BID President at 202-842-3333 ext. 11 or pbrosmer@capitolhillbid.org.