Title
Resolution amending Resolution 2008-201 (as amended), which established fees for various licenses, local business taxes, permits, services, and penalties by the City of Coral Gables, by increasing the local business tax rates, inspection fees, and recording fees; providing for the correction of certain scriveners errors and providing for an effective date.
Body
The state legislation authorizes a municipality to increase local business tax rates by a maximum of 5% every two years as provided for under Chapter 205 of the Florida Statutes. The attached resolution increases each classification 5% effective July 7, 2009. The last adjustment was on June 5, 2007.
The amendment of Resolution 2008-201, effective July 7, 2009, is necessary to provide reasonable time for businesses to make payment before the expiration date of September 30, 2009. The amended local business tax rates will increase annual revenue approximately $100,000, business tax processing fee will increase from $5.00 to $7.00 and will generate additional annual revenue of approximately $45,000, business tax inspection regulatory fee will change from $20.00 to $25.00 and increase annual revenue by approximately $3,000. These additional revenues are included in the 2009-2010 Annual Budget.