Approve an ordinance amending the Fiscal Year 2025-2026 Tourism District Incentives Fund Operating Budget (Ordinance No. 20250813-005) to transfer in and appropriate $942,845 from the Fiscal Year 2025-2026 Austin Tourism Public Improvement District Operating Budget (Ordinance No. 20250813-005) to transfer out to the House Our People Endowment Fund. Funding: $942,845 is available from the Tourism Public Improvement District Fund Operating Budget.

Summary

This ordinance amends the Fiscal Year 2025-2026 Tourism District Incentives Fund Operating Budget (Ordinance No. 20250813-005) to transfer $942,845 from the Austin Tourism Public Improvement District Operating Budget to the House Our People Endowment Fund. This action allocates revenue generated from tourism promotion and hotel business recruitment to support the endowment fund, as directed by prior council resolutions from December 2024.

Citizen Impact

Funds generated from tourism promotion will be redirected to the House Our People Endowment Fund, impacting how tourism revenue is utilized.

Confidence

high