Georgetown Businesses Want Change Within BID

The Georgetown BID operates with annual revenues of more than $5.2 million, according to its 2020 annual report. It employs 15 people, including longtime BID president and chief executive Joseph Sternlieb, whose salary was $245,000, according to the publicly filed report. 2018 tax return. In addition to expanding its workforce, the BID also increased cleaning staff salaries to a living wage, according to the 2020-24 Five-Year Renewal Plan. Salaries accounted for about $1.5 million a year in fiscal 2019, or about 29 percent of the budget.

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