TO: Mayor and Commissioners
FROM: Michael Coleman, Director, Community Improvement
THROUGH: Mark R. Lauzier, City Manager
DATE: August 21, 2018
Title
ORDINANCE NO. 16-18 AMENDING CHAPTER 110 OF THE CODES OF ORDINANCES, LOCAL BUSINESS TAX SCHEDULE (SECOND READING)
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Recommended Action:
Recommendation
Motion to Approve Ordinance No. 16-18 on second reading amending Chapter 110 of the Code of Ordinances to provide for an increase in the local business tax schedule.
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Background:
Chapter 205 of the Florida Statutes, “Local Business Taxes,” authorizes a municipality to increase, by ordinance, the rates of business taxes up to five percent (5%) every other year. The increase must be enacted by at least a majority plus one vote of the governing party.
In 2016, Ordinance 16-16, approved by the City Commission, provided for an increase in local business taxes. As two years have elapsed from the last increase, staff now seeks approval to increase local business taxes by the statutory five percent (5%) from the current rates.
City Attorney Review:
Approved as to form and legal sufficiency.
Funding Source/Financial Impact:
001-00000-316-010 - Business Tax Receipts. We anticipate an additional $65,000 in revenue.
Timing of Request:
We would like the increase to take effect for the next fiscal year, which is October 1, 2018.