Posting Language
Title
Approve an ordinance setting the calendar year 2027 rate of assessment for the Austin Downtown Public Improvement District within the City of Austin and approving the calendar year 2027 assessment roll for the District. Funding: This item has no fiscal impact.
De
Lead Department
Austin Financial Services.
Fiscal Note
This item has no fiscal impact.
For More Information:
Kimberly Olivares, Director, Austin Financial Services (512) 974-2924; Christine Maguire, Division Manager, Austin Financial Services (512) 974-7131; Margaret Shaw, Economic Redevelopment Program Manager, Austin Financial Services (512) 974-6497.
Additional Backup Information:
This action will approve an ordinance setting the assessment rate and approving the proposed 2027 assessment roll for the Downtown Public Improvement District (District).
State law requires Council approval of a proposed assessment roll so that notices may be sent to the property owners, giving them an opportunity to review the property valuations prior to the public hearing. All previously approved exemptions and exclusions from assessments are retained in this year's roll. Council requested that this assessment process be timed so that it coincides with the receipt of other real property tax bills. At its March 11, 2026 meeting, the Board of Directors of the Downtown Austin Alliance (DAA), which manages the District, confirmed the proposed assessment rate of $0.0925/$100 valuation above $500,000.
State law requires Council to take specific actions each year regarding public improvement districts. To meet statutory notice requirements in Texas Local Government Code Chapter 372 governing Public Improvement Districts (PID), staff needs at least six weeks between the first step of Council setting the proposed PID assessment rate and property roll and the second step for Council to conduct a public hearing and adopt PID rate and roll and approve the PID management entity's annual Service and Asse...
Click here for full text