Posted: Wednesday, August 5, 2015. 9:35 pm CST.
Wednesday, August 05, 2015. Aaron Humes Reporting: We have been reporting on the ongoing battle over trade license fees with City businesses reportedly thinking of moving outside of the Old Capital’s boundaries to Ladyville and Hattieville which pay no kind of license fee at all.
The City charges 25% of rental value by square foot annually which results in unequal payments and complaints.
There is a proposal to reduce this to 12.5% and to go to volume of business conducted. The Mayor told us today that he hopes this will have a greater effect in terms of how much revenue the City gets and how many businesses are willing to stay – instead of squeezing faithful taxpayers, it spreads the base and expands service.
No date has been set for the implementation
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