Florence City Council updates business license ordinance and approves revenue bond sale

During the recent City of Florence government meeting, significant legislative actions were taken that will impact local businesses and the city’s financial management. The council held second readings for two key ordinances, both aimed at updating existing regulations and financial structures.

The first ordinance, Bill Number 2025-23, amends the city’s business license ordinance. This update is designed to streamline the registration and annual renewal processes for business licenses, ensuring that the city remains compliant with state requirements. The council unanimously approved this amendment, reflecting a commitment to support local businesses by simplifying administrative procedures.

The second ordinance, Bill Number 2025-24, authorizes the issuance and sale of up to $15.1 million in hospitality fee revenue bonds. This financial move is intended to bolster the city’s funding for various projects and initiatives, although specific details on the projects were not disclosed during the meeting. The approval of this ordinance indicates the city’s proactive approach to managing its financial resources and investing in community development.

Additionally, the council introduced Bill Number 2025-25, which proposes updates to the city’s business license class schedule. This update is mandated by the South Carolina Business License Tax Standardization Act, requiring municipalities to adopt a standardized class schedule by the end of every odd-numbered year. The changes will take effect for licenses beginning May 1, 2026. Importantly, this update does not alter the actual rates businesses pay but reorganizes how different types of businesses are classified based on their North American Industry Classification System (NAICS) codes.

These legislative actions reflect the city’s ongoing efforts to adapt to regulatory changes and support the local business environment. As Florence continues to grow, these updates are crucial for maintaining compliance and fostering a favorable climate for economic development. The council's decisions signal a forward-thinking approach to governance, prioritizing both regulatory compliance and the facilitation of business operations within the city.