District of Columbia Amendment Establishing Special Assessments on Properties within Transportation Districts
Type
Act or Session Law
Year
2001
Level
City or Town
State(s)
District of Columbia
Policy Areas
Community Development, Finance & Procurement, Transportation & Mobility
The District of Columbia established the New York Avenue Metrorail Benefit Area, introducing a special assessment on properties within a specified distance of a planned Metrorail station. The funds collected through this special assessment are intended to pay the principal and interest on bonds, notes, or other obligations associated with the New York Avenue Metro Project.