City Council

(36)\n14-0943-S3\nECONOMIC DEVELOPMENT AND JOBS COMMITTEE REPORT\nrelative to Fiscal Year (FY) 2026 Annual Planning Report (APR) for the\nLos Angeles Tourism Marketing District, Property-Based, Business\nImprovement District (BID).\nRecommendations for Council action:\n1. FIND that the APR for the Los Angeles Tourism Marketing\nDistrict 2025-2034 BID's 2026 FY attached to the City Clerk\nreport dated January 20, 2026, attached to the Council file,\ncomplies with the requirements of the State Law.\n2. FIND that the increase in the 2026 budget concurs with the\nintentions of the Los Angeles Tourism Marketing District 2025-\n2034 BID’s Management District Plan and does not adversely\nimpact the benefits received by assessed property owners.\n3. ADOPT said APR for the Los Angeles Tourism Marketing\nDistrict 2025-2034 BID’s 2026 FY, pursuant to the State Law.\nFiscal Impact Statement: The City Clerk reports that there is no\nimpact to the General Fund associated with this action.