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Finance Highlights 2016 0315
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Finance Highlights 2016 0315
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Committee Highlights
Document Date (6)
3/15/2016
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_CC Agenda 2016 0418 CS+RG
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\City Clerk\City Council\Agenda Packets\2016\Packet 2016 0418
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employee, as well as a base fee of $125. At these rates, businesses with three employees will <br />pay $235 - $408 per year for their Business License Fee. As proposed, these smallest businesses <br />would only pay the base rate of $125. The fiscal impact of this change is estimated to be a <br />reduction in revenue of approximately $300,000. <br />Warehouses & Distribution Centers: <br />A large amount of commercial property in the City is utilized for warehousing and <br />wholesale/distribution (approximately 16.5 million square feet). Fees for the many warehouses <br />and wholesale/distribution centers in the City are comparatively low and do not appropriately <br />account for the impact of these businesses. While they are charged by employee, they have low <br />employment per square foot. On average, warehouses have 1 employee per 5,000 square feet (as <br />compared to 1 employee per 1,000 square feet for manufacturing). The result is notably low <br />business license fees averaging $500 - $1,500. Charging by square foot for warehouse and <br />wholesale/distribution uses will better align the fee structure with the City's goal of encouraging <br />employment -intensive uses rather than the storage of goods. Additionally, the existing fees for <br />warehouse/distribution uses do not reflect the fact that they create a high volume of truck traffic, <br />creating an adverse impact on congestion the condition of the City's road network. <br />Small Business Discount <br />Waive employee fee for businesses with 3 or less employees <br />Revenue from Businesses with 3 or less employees: $560,000 <br />- Base Fee $200,000 <br />Per Employee Fee (Decrease in Revenue) $300,000 <br />Applies to businesses that charge by employee in the following categories: Consulting, <br />Contractor, Manufacturing, Professional, Recreation/Entertainment, Retail, and Service <br />Warehouse, Distribution, & Wholesale Rate Change <br />Restructure rates for businesses with large square footage and small employment, charging <br />$100/1, 000sf rather than by employee <br />Warehouse Wholesale/Distributor Total <br />Current Fee - by Employee <br />$50,000 <br />$150,000 <br />$200,000 <br />Fee by Area ($ 100/1 000sf) <br />$350,000 <br />$350,000 <br />$700,000 <br />Increase in Revenue <br />$300,000 <br />$200,000 <br />$500,000 <br />
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