AGENDA TITLE:
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Set a Public Hearing for February 21, 2024, to Consider Introducing Ordinance Amending Lodi Municipal Code Title 3 (Revenue and Finance), Chapter 3.01 (Business Tax Certification) (FIN)
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MEETING DATE:
February 7, 2024
PREPARED BY:
Melissa Munoz, Accounting Manager
recommendation
RECOMMENDED ACTION:
Set a Public Hearing for February 21, 2024, to consider introducing an ordinance amending Lodi Municipal Code Title 3 (Revenue and Finance), Chapter 3.01 (Business Tax Certification).
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BACKGROUND INFORMATION:
The requested action will amend Lodi Municipal Code Chapter 3.01 Business Tax Certification to implement a new administrative Business Registration program. This change is proposed to allow the City to continue tracking businesses that are operating within its jurisdiction, without taxing those entities in accordance with Proposition 218 that requires voter approval prior to imposition of a business tax. To comply, the City has elected to establish a Business Registration Program in lieu of the Business Tax Certification, which will operate similarly utilizing solely a regulatory (registration) fee that will cover the administrative costs for maintaining the City’s business registry and operating the program.
STRATEGIC VISION:
3A. Fiscal Health: Promote City's transparency & fiscal fluency.
FISCAL IMPACT:
Not applicable.
FUNDING AVAILABLE:
Not applicable.
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Melissa Munoz
Accounting Manager
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Andrew C. Keys
Interim City Manager