Tuscaloosa City Council will move forward with a series of business license changes that are expected to generate almost $ 47,000 in additional annual revenue.
The changes will affect five categories of businesses across the city: telecommunications, carnivals, check cashing and securities lending, businesses based on waste storage and collection.
The updated license prices will take effect on January 1. They are :
• Increased telecommunications license fees for local and long distance providers to the maximums indicated. Estimated additional annual income: $ 2,400.
• Increased carnival license fees from $ 250 per week to $ 1,875 per week, as charged at fairs and other similar events. Estimated additional annual income: $ 6,500.
• Added $ 500 fee to licenses for check cashing and securities lending businesses. Estimated additional annual income: $ 9,500.
• Increased collection rates for storage-based businesses. Estimated additional annual income: $ 25,000.
• Modification of the pricing and collection structure of waste collection companies. Estimated additional annual income: $ 3,500.
First proposed in May, the changes come after consultations with the Western Alabama Chamber of Commerce and a city-hosted community engagement meeting in which, ultimately, a resident attended.
As of May 15, the city had issued 11,219 business licenses to companies generating an estimated turnover of 10 billion dollars.
From this, the city collects approximately $ 23 million in business license revenue.
The board approved the business license changes at its Tuesday meeting.
Contact Jason Morton at email@example.com or 205-722-0200.