Conduct a public hearing related to the proposed fiscal year 2025-2026 assessment for the Austin Tourism Public Improvement District and consider an ordinance approving the fiscal year 2025-2026 service plan for the Austin Tourism Public Improvement District, composed of hotels with one hundred or more rooms, levying the fiscal year 2025-2026 special assessment on the properties in the district, establishing the method of assessment to enhance services and undertake improvements, including activities related to marketing, business recruitment, and promotion for the district, and amending the Fiscal Year 2024-2025 Tourism Public Improvement District Fund Operating Budget (Ordinance No. 20240814-007) to appropriate $7,764,175 in funds from Austin Tourism Public Improvement District assessments collected in fiscal year 2024-2025 to transfer to the Austin Tourism Public Improvement District Corporation for Austin Tourism Public Improvement District expenditures. Funding: For Fiscal Year 2024-2025 $7,764,175 is projected to be available in the Austin Tourism Public Improvement Fund from district assessments to transfer to the Austin Tourism Public Improvement District Corporation for district expenditures. For Fiscal Year 2025-26, the Austin Tourism Public Improvement District is projected to allocate $5.6 million in revenue the City would be eligible to receive under the Austin Tourism Public Improvement District Service Plan in exchange for providing benefits to the district. Actual revenue is dependent on the eligible activities that will occur under the service plan. Revenue is expected to increase in future years.

The roll call

Official votes