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Committee approves 2026 downtown Economic Enhancement District budget and rate adjustment
Summary
Councilors approved the Downtown Economic Enhancement District's 2026 budget and a modest reduction in the assessment rate after higher downtown assessed values, directing funds to clean-team operations, homeless outreach partnerships and a tactical reserve for shelter operations.
The Metropolitan and Economic Development Committee approved the Downtown Economic Enhancement District—s proposed 2026 budget Nov. 17 after a presentation outlining revenue timing and program priorities.
Ms. Schafer, the district presenter, said the EED—s initial 2025 billing resulted in a first distribution of about $2.2 million and that 2026 projections anticipate roughly $5.5 million in revenue after the board lowered the…
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