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Lake Placid discusses raising and restructuring business tax receipts; council favors simplifying categories
Summary
Councilors and staff discussed a proposal to update business tax receipt fees, moving from a flat $35 rate for many businesses to a tiered or simplified higher fee; staff was asked to return with benchmarking and a simpler tiered proposal.
Lake Placid councilors reviewed proposed changes to business tax receipts during the March 18 workshop, raising questions about fairness, administrative burden and the possible revenue impact of increasing long-unchanged fees.
Staff presented a draft schedule that would reclassify businesses by activity (for example, HVAC, hardware, dental, retail) and in some cases increase annual charges now set at $35 to larger amounts proposed in the draft. Council members voiced concern about the scale of some increases — one example…
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