Over $1000 per property owner a year
Starting Budget: $560,000
Starting Salaries: $250,000.
It’s being said that BID opposition is propaganda – we don’t know the facts. So lets have ONLY the facts about a BID.
- BID board members are employees – they get a salary – ask 5th ave!
- A BID is a TAX – an assessment tax, meaning the government enforces collection. If you dont pay your TAXES, you will be fined and a lien be placed on your property – A TAX INDEED
- This Assessment TAX – once begun, can NEVER be removed
- A BID’s budget is NOT CAPPED – EXPENSES ALWAYS GO UP – hence a BID’s budget will always be approved for an increase. NY Chinatown BID Needs a Massive Increase in Money!
- The 3rd ave BIDS budget is over 50% for salaries/management! – $560,000 total with $240,000 for salaries!
- A BID has NO measurement for success – a BID has no measurements – its all “feelings”. You CANNOT choose to NOT pay for a BID – it always consumes your money.
- A BIDS supposed services have zero impact on our businesses – are 5th ave’s streets cleaner? Do the green planters make a difference in our businesses or do they just have maintenance fees? Does ANYONE see the 5th ave SMALL signs HIGH up on the poles? Do lights really cost $560,000 a year? Has any BID increased anyone business enough to justify millions and millions of dollars spent? Do benches generate more business or act as a bed for the homeless?
- A BID does NOT increase property values – it increases your property taxes! Why would higher taxes increase your property value? NO MORE TAXES!
- Do the Holiday lights and few festivals, REALLY increase business? What is the community participation rate? 3rd ave has less than 30% of their businesses actually participating – the rest are OUTSIDE VENDORS charging $12.00 for a sausage roll and $8.00 for a fried oreo – who is making the money? outside vendors or the actual people PAYING for there BID to sponsor these events? Ask the hard questions, the answers may be hard to handle
- 5th Ave bid spent over 5 million dollars and counting – is it better – no