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CITY OF SAGINAW
BELTMILL PID FUND
OVERVIEW OF REVENUES AND EXPENDITURES
2024-2025
A Public Improvement District ("PID") is an economic tool used to fund public improvement projects
in a defined 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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