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CITY OF SAGINAW
PID FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2022-2023
A Public Improvement District ("PID") is an economic tool used to fund public improvement projects in a de ned
geographical area. PID's are created by a City or County under the authority of Chapter 372 of the Texas Local Code. The
statute allows for a city or county to levy a special assessment against these properties to pay for the improvements.
The PID Fund was created in FY 2022-2023 to track funds that are received and are to be used for the Beltmill
development. These receipts will remain in the PID Fund until an appropriate expense is approved by the City Council.
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