Agenda Item # 10.a.
City Commission Regular Meeting
- Meeting Date:
- 05/19/2014
- Re
- Ordinance No. 14-015 Business Tax
- Submitted For:
- Linda Cox
SUBJECT:
Ordinance No. 14-015 - Providing a five percent (5%) increase in Business Tax Receipts. FIRST READING
SUMMARY:
In accordance with Florida Statute 205.0535(4), in 2014, the Commission is able to consider increasing the rate of business tax receipts. As discussed at a recent conference agenda meeting, the Commission agreed that a five percent increase is appropriate as our rates are still below that of our neighboring communities.
RECOMMENDATION:
Adopt Ordinance No. 14-015.
ALTERNATIVES:
Do not adopt Ordinance No. 14-015. If this ordinance is not adopted, we will not be able to reconsider an adjustment until 2016 in accordance with Florida Statutes.
RESPONSIBLE STAFF:
Linda W. Cox, City Clerk
COORDINATED WITH:
Robert Schwerer, City Attorney
Fiscal Impact
- Budgeted Y/N:
- Fiscal Year:
- Account:
- Amount:
OTHER INFORMATION:
Additional revenue to the City in FY 2015 in the estimated amount of $13,300.00.