De Blasio signs BID budget booster bill
The Bay Ridge Fifth Avenue Business Improvement District (BID) will have nearly $90,000 in additional funding in its annual budget now that Mayor Bill de Blasio has signed a City Council bill into law which calls for a budget increase.
The Bay Ridge BID is one of nine BIDs around the city whose budgets will increase under the law signed by de Blasio on Feb. 8. The Bay Ridge BID budget will go from $$338,000 to $427,000 a year.
The Montague Street BID in Brooklyn Heights is also among those that stand to benefit from the new law.
The City Council passed the bill on Jan. 19. The legislation, which de Blasio requested, was sponsored by Councilmembers Vincent Gentile (D-Bay Ridge-Dyker Heights-Bensonhurst), Julissa Ferreras-Copeland (D-Elmhurst), Margaret Chin (D-Lower Manhattan) and Deborah Rose (D-Staten Island).