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Staff reports pawnshop-fee audit finds compliance; no fee increase recommended now
Summary
City staff told council Feb. 4 that Shakopee collected $10,942 in pawnshop transaction fees in 2024, covered monitoring and billing costs, and that an audit of both local pawnshops found no discrepancies; staff recommended not raising the long-standing $1.50 per-transaction fee at this time.
City staff presented a report Feb. 4 reviewing pawnshop transaction fees and compliance. Staff said the city collected $10,942 in pawnshop transaction fees in 2024, and that the monitoring service the city uses (Leads Online) costs roughly $4,620 per year; staff concluded the current fee level covers program costs.
Staff explained the pawnshop transaction fee in Shakopee has been $1.50 per…
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