Oro Valley Chamber Hosts Business Forum to Discuss New Tax Proposals

Oro Valley's Budget and Finance Commission is actively engaging the local business community to gather feedback on proposed tax changes aimed at addressing the town's financial needs. A significant presentation is scheduled for September 11, where the Oro Valley Chamber will host discussions to expand outreach beyond its board members.

Key concerns have emerged from the Chamber Board regarding the proposed tax categories. They suggest that a property tax might be a more equitable solution for both residents and businesses, although there are doubts about its viability given past voter resistance. Additionally, there are worries that the new tax measures may not generate sufficient revenue, potentially leading to future tax increases.

The commission is also exploring business-friendly policies and diverse housing options to stimulate economic growth. However, balancing these initiatives with resident concerns remains a challenge. Feedback from community members has highlighted apprehensions about the impact of a commercial rental tax on small businesses, with some fearing it could drive them away from Oro Valley.

The commission anticipates that the commercial rental tax will be the most contentious issue moving forward. To address concerns, they are considering a phased implementation of the tax, starting at a lower percentage before gradually increasing it. This approach aims to mitigate the financial burden on businesses while still generating necessary revenue for the town.

As discussions continue, the commission is committed to maintaining open lines of communication with both residents and business owners to ensure that the proposed tax changes are equitable and effective in supporting Oro Valley's economic health.