Item Coversheet

STAFF REPORT - CITY COUNCIL/SUCCESSOR AGENCY/PUBLIC FINANCE AUTHORITY

Subject:Approval to Waive Business License Fees for New Businesses for a Period of One Year
Meeting Date:March 21, 2019
From:Marissa Trejo, City Manager
Prepared by:Jasmin Bains, Financial Services Director

I.    RECOMMENDATION:

There is no staff recommendation to waive business license fees for new businesses for a period of one year.  This was requested as a Future Agenda Item by Councilman Adkisson.



II.    BACKGROUND:

Business Licenses are $29 per year for general businesses, $44 per year for professional service business, $54 per year for contractors, and $129 for home occupation business per year. 

 

City Council decided to waive business license fees for new businesses for a period of one year beginning on April 19, 2018 which is due to expire April 19, 2019.   The new fee waiver period will begin April 20, 2019. 



III.   DISCUSSION:

None.

IV.   ALTERNATIVES:

  1. Not waive business license fees for new businesses for a period of one year.


V.    FISCAL IMPACT:

During the waived period General Fund revenue will be lost however the amount is unknown at this time as it is dependent on the number of business licenses issued. 

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