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Council approves 5% increase to Downtown Chico PBID assessment; city share rises to about $107,000
Summary
The council approved a 5% assessment increase for the Downtown Chico Property Business Improvement District (PBID). The increase raises the city's estimated annual payments by roughly $84,000 plus a general-benefit portion about $23,000, totaling about $107,000.
The Chico City Council approved a proposed 5% assessment increase for the Downtown Chico Property Business Improvement District (PBID), which funds downtown cleaning and safety services primarily delivered by downtown ambassadors.
Deputy City Manager Jennifer McCarthy explained the PBID was formed in 2017 and renewed in 2022 through December 2027. The PBID…
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