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University Hill budget preview: interest income buoyed 2024, capital projects to draw down fund balance in 2025
Summary
City staff presented a 2026 budget preview for the University Hill General Improvement District showing higher-than-expected investment income in 2024, modest revenue growth, and a sizable planned capital outlay in 2025 (streetscapes and Broadway median) that will reduce fund balance.
Elliot Vivanti, Business Services Senior Manager for Community Vitality, presented a 2026 budget preview to the University Hill Commercial Area Management Commission on May 6.
Vivanti said there are "not a lot of changes for UJID" in the 2026 outlook but cautioned that a planned capital investment this year will materially reduce the district's fund balance. He said the district ended 2024 with higher-than-projected investment earnings (interest income rose about 58% over projections) and that total expenses were lower than forecast, leaving a slightly higher ending fund balance for 2024 than anticipated.
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