Authorizing an increase in the amount to be expended annually in seven business improvement districts and one special assessment district.

Summary

This bill would authorize an increase in the amount that may be expended annually in each of the following seven business improvement districts (BIDs): Myrtle Avenue BID in the borough of Queens (increases the amount to be expended to $660,000); Woodhaven BID in the borough of Queens (increases the amount to be expended to $425,000); Pitkin Avenue BID in the borough of Brooklyn (increases the amount to be expended to $500,000); Hub Third Avenue BID in the borough of the Bronx (increases the amount to be expended to $700,000); Bryant Park BID in the borough of Manhattan (increases the amount to be expended to $4,000,000); Kings Highway BID in the borough of Brooklyn (increases the amount to be expended to $650,000); and Court-Livingston-Schermerhorn BID in the borough of Brooklyn (increases the amount to be expended to $2,400,000). This bill would also authorize an increase in the amount that may be expended annually in the Fulton Mall special assessment district in the borough of Brooklyn to $4,000,000.

Committee