Item 101 Passedunofficial
In plain language — from the agenda backup
This item involves a public hearing and an ordinance for the 2026-2027 service plan of the Austin Tourism Public Improvement District, made up of hotels with 100 or more rooms. The plan sets a special assessment on those properties to fund enhanced services like marketing, business recruitment, and tourism promotion. The district is projected to have $27,670,344 available from assessments for the year, with the City eligible to receive up to $5,534,069 in exchange for providing benefits under the plan.
The official agenda language
Conduct a public hearing related to the proposed Fiscal Year 2026-2027 assessment for the Austin Tourism Public Improvement District and consider an ordinance approving the Fiscal Year 2026-2027 service plan for the Austin Tourism Public Improvement District, composed of hotels with one hundred or more rooms, levying the Fiscal Year 2026-2027 special assessment on the properties in the district and establishing the method of assessment to enhance services and undertake improvements, including activities related to marketing, business recruitment, and promotion for the district. Funding: $27,670,344 is projected to be available for Fiscal Year 2026-2027 in the Austin Tourism Public Improvement Fund from district assessments to transfer to the Austin Tourism Public Improvement District for district expenditures. For Fiscal Year 2026-2027, the Austin Tourism Public Improvement District is projected to allocate $5,534,069 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.
"Without objection, item number 101 is adopted." — meeting transcript (unofficial)