QUESTION
What are the average, largest, and smallest BID budgets?
0:15:10
·
29 sec
Deputy Commissioner Calvin T. Brown explains that the median budget of a Business Improvement District (BID) is approximately $529,000, with the smallest at $73,000 and the largest at $20,000,000.
- The median budget for a BID is approximately $529,000.
- The smallest BID has a budget of about $73,000 and covers an area of 180 feet.
- The largest BID has a budget of approximately $20,000,000.
Oswald Feliz
0:15:10
And what's the average budget slash revenue of a bid?
0:15:14
Average bid, but also the average budget of the larger bids.
0:15:19
And the smaller beds.
Calvin T. Brown
0:15:20
So the average, so so we'll call it, the medium expense is of 529,000, approximately 529,000.
0:15:28
The smallest bid right now is a 100 180 feet, and their bid is have an assessment of about 73 1000, and our largest expense bid is about 20,000,000.
