COVID 19 Budget Update — original pdf

Backup

• Impact on programs in the Convention Center, Historic Preservation, Cultural Arts, Projected Revenue Shortfalls by Source Enterprise Funds (Analysis in Progress) • Hotel Occupancy Taxes – Severe Impact and Music Funds • Airport Revenue – Severe Impact • Steep declines in parking and concession revenue • Parking Fees – Severe Impact • Austin Energy and Austin Water – Moderate Impact • Reductions in commercial usage partially offset by increases in residential usage • Rate reductions and tier changes for residential customers being implemented • Development Fees – Unknown Impact 6