As the Los Feliz Village Improvement District (LFVBID) receives new officers from its December election, the city of Los Angeles will conduct the last phase of the LFVBID’s renewal process—a public hearing, March 4th.
According to the LFVBID’s 2014 proposed budget has been set at $78,350. Funding for the LFVBID comes from taxes to businesses in Los Feliz ranging from $100 to $550 annually based on the businesses’ number of employees. In their proposal to the city, the LFVBID anticipated 2014 spending as follows: $24,000 for cleaning and trash collection; $16,000 for tree trimming; $7,240 for their website, newsletters and a membership directory; and $21,409 for marketing and public relations, including $10,000 for the LFVBID’s annual street fair.
The 2013 street fair, according to LFVBID boardmembers, brought in just over $73,200, but cost between $110,000 – $120,000 to stage. Additionally, the LFVBID indicated last fall they owed more money than they had.
The hearing starts at 10:00 a.m. in the John Ferraro Council Chamber in Room 340 at City Hall.
Hayley Fox contributed to this story.