Revenue Management
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Austin, TX municipally-owned water utility implemented successful debt management strategies
The city of Austin's municipally-owned water utility, Austin Water, built resilience and ensured affordability by implementing successful debt management strategies. These debt management strategies included near-zero percent interest loans for infrastructure, capital recovery fee collections, annual debt defeasances, and increased cash financing of capital projects. Austin Water has held water rates at a stable level that is less than water industry indexes for the last five years.
Austin, TX
United States
Nashville collects an additional $2.8M in short-term rental revenue in first year
Without an effective system to identify STR addresses and owners, Nashville’s Finance Department was struggling to collect accurate taxes from more than 4,500 local short-term vacation rentals (STRs). Host Compliance enabled staff to identify STRs and educate hosts about local laws, encouraging them to pay applicable taxes. Staff collected $2.8 million more in tax revenue from STRs in their first year of using the software.
Nashville, TN
United States
Beaumont, TX Avenu partnership discovered new revenue streams by conducting comprehensive tax audits
The City of Beaumont partnered with Avenu to discover untapped revenue streams by conducting comprehensive tax audits. Avenue's software and revenue administration team tracked noncompliant businesses in order to process overlooked hotel occupancy taxes and misreported sales taxes. Additionally, the team created an online portal to streamline the payment and filing processes for local businesses.
Beaumont, TX
United States
Bessemer, AL partnered with Avenu to increase revenue by analyzing and reviewing business licenses
The City of Bessemer partnered with Avenu to increase revenue by reviewing business licenses using data and analytics. Avenu compared the city's business tax roll with a predictive database to generate a file of probably unlicensed businesses. After revenue professionals reviewed this list, the city deployed Avenu's system for distributing notices and processing online payments for license registrations and renewals.
Bessemer, AL
United States
Garden City, GA partnered with Avenu to improve its financial outlook without raising taxes
Garden City partnered with Avenu to improve its financial outlook without raising taxes. By reviewing existing income from business licenses, Avenu helped Garden City's Finance Department discover fee collection opportunities which were previously missed. The partnership allowed the city the optimize the administration of its occupational tax program. The city deployed Avenu's system for distributing notices and processing online payments for license registrations and renewals.
Garden City, GA
United States