The Business Improvement Districts Transfer agency records the transfer of revenues to Business Improvement Districts (BIDs).
The Chief Financial Officer collects assessments from businesses in BID areas through property taxes and then refunds the proceeds to each BID. Decisions on the assessment rate, who is assessed, and how the proceeds are spent are made by the BID, not the District of Columbia.
There are currently ten BIDs in the District:
- Anacostia BID
- Adams Morgan Partnership BID
- Capitol Hill BID
- Capitol Riverfront BID
- Downtown DC BID
- Georgetown BID
- Golden Triangle BID
- Mount Vernon Triangle Community Improvement District BID
- NoMa BID
- Southwest BID
Three additional BIDs (MidCity, Historic Dupont, and Shaw) are currently being developed and projected to be partially, if not fully, active in FY 2018.