Arlington BID
The below table shows the number of current BID accounts (982) that would increase by a specific range if cap is removed and assessment increases to 100% of their business tax. 90% or Less $400.00 Cap Totals
$40 or less 675 4 679
$150 or less 7 63 70
$300 or less 1 103 104
$500 or less 3 59 62
$1000 or less 34 34
$2000 or less 14 14
$2001 or more 19 19
Totals 686 296 982
Proposed BI
D expansion:
1191 New Accounts
Average $690.93
Median $262.50
Min $64.75
Max $216,299.25
New BID summary if pr
oposal was accepted:
Current BID
Boundary &
Assessment
Proposed BID
Assessment
Increase (Est.)
Proposed
Boundary
Expansion
(Est.)
New
Arlington BID
(Est.)
# of Businesses 982 982 1,191 2173
BID Assessment $240,299.74 $537,714.57 $822,900.60 $1,360,615.17 Total businesses in new Arlington BI
D – 2173
Total BID assessment ‐ $1,360,615.17
Total BID increase from current BID assessment – $1,120,315.43 or 466% Date: 10-11-22
Item No.: 7
Addendum