Georgetown companies want changes within BID

The Georgetown BID operates with more than $ 5.2 million in annual revenue, according to its 2020 annual report. It employs 15 people, including longtime BID President and CEO Joseph Sternlieb, whose salaries peaked at $ 245,000, according to its publicly filed tax return for 2018. In addition to expanding staff, BID also raised cleaning staff salaries to a living wage, according to its 2020-24 five-year renewal plan. Salaries amounted to about $ 1.5 million a year in fiscal year 2019, or about 29 percent of its budget.

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