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Birmingham BSD staff review budget, recommend sending balanced plan to city commission
Summary
Board staff reported a largely balanced fiscal-year budget, recommended a $700,000 minimum fund-balance target and proposed several capital projects; board approved forwarding the budget to the city commission for formal approval.
A staff presenter for the Birmingham Business Improvement District reported that the district’s proposed budget is largely balanced and recommended that the board forward the draft budget to the city commission for formal approval.
The presentation noted the largest revenue item under discussion was a $1,200,000 special assessment billed for 04/24/25; “We have collected $407,000 of that for about 39%,” finance staff said, and the assessment bills are due March 24. The presenter told the board that collection typically continues through the spring and that unsettled amounts would likely be received when the county settles tax collections in May or June.
The nut…
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