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Alert
STORM RECOVERY UPDATE, MEMORIAL DAY WEEKEND
(Click Read More below to see the detailed street closure map for May 24-27, 2024)
Storm recovery work will intensify over the Memorial Day weekend, with additional street closures. Expect detours in the southwest quadrant of Downtown, an area roughly south of McKinney and West of Main Street. Pedestrians are strongly cautioned to avoid the area of street closures and fenced sidewalks to avoid the danger of falling glass. Read More

Stakeholder Information

DOWNTOWN DISTRICT 2024 DRAFT BUDGET

The 2024 budget was prepared using the six goals outlined in the 2021-2025 Service and Improvement Plan and is similar in scope to the budgets adopted in 2021-2023. The District continues to experience shortfalls in projected revenues due to lower HCAD values because of property protests. On November 9, 2023, the District board approved a .50 cent increase to the assessment rate for 2024 to maintain the same level of service provided in 2021 - 2023. The assessment rate will be 13.25 cents per $100 of assessed value, with the split of 12.25 cents to operating expenditures and 1 cent to capital improvements. The District recognizes a reserve for protests of 11.36% of total assessment income based on an 8-year lookback and will net $18.9 million in total revenue that includes assessments, reimbursements, and interest income against a budget of $22.8 million. This will result in a $3.9 million draw against the fund (reserve) balance of $11.9 million.

Kris Larson, President, and CEO will conduct two virtual townhall sessions to go over the 2024 budget and will respond to any questions at that time.

Session 1: Thursday, November 30, 2023 from 1:00 - 2:00 pm

Web Link: Join Zoom Meeting
Or dial: 346.248-7799 (local) / 877-853-5257 (toll free)

Meeting ID: 819 2181 7788
Passcode: 740237

Session 2: Tuesday, December 5, 2023 from 6:00 - 7:00 pm

Web Link: Join Zoom Meeting
Or dial: 346.248-7799 (local) / 877-853-5257 (toll free)

Meeting ID: 837 8317 8091
Passcode: 860720

If you have questions post session, please contact kris.larson@downtownhouston.org