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noincreaseinthenumberofbusinessessince2001. <br />ThestabilityofthisrevenuesourcewouldpresumablyfluctuatewithĂƌĞĂ͛Ɛ <br />economicconditions. <br />RevenueAdequacyBasedontheestimatedannualyield,thisrevenuesourcewouldonlymeet <br />asmallportionoftheCityofEugeneGeneralFundneeds.Thefeeamount <br />wouldneedtoberaisedannuallytokeepupwiththegrowthinŝƚLJ͛Ɛ <br />GeneralFundexpenditures. <br />AdministrativeEffortTherearecurrentlynospecificestimatesofthecostofadministration, <br />collectionandenforcementassociatedwiththisrevenuesource.Asthere <br />iscurrentlynoexistingsimilarprogram,administrationcostsassociated <br />withabusinesslicensefeeprogramwouldbesignificant.Startupcost <br />estimateswouldalsoneedtoincludethecostofimplementingan <br />automatedtrackingsystem. <br />TimelineAreasonabletimelineforimplementationofabusinesslicenseprogram <br />wouldbeaminimumof812months.Ifadecisiontoimposethisfeewas <br />madetoday,FY12wouldlikelybethefirstyearinwhichthisprogram <br />wouldbefullyimplemented. <br />Incidence&EquityWhilethisfeewouldbepaidbybusinesses,someportionofitwouldlikely <br />bepassedontothecustomers.Theequityofthisfeewouldlargely <br />dependonitsstructure.Aflatfeeperbusinesswouldbeagreaterburden <br />onsmallerbusinesses.Thisfeewouldnotberelatedtobusiness <br />profitability.Itwouldbeadeductiblebusinessexpenseforfederaland <br />statetaxpurposes. <br />NexusBusinessesoperatingintheCityofEugenewouldbenefitfrombeneficial <br />andfavorablebusinessclimateassociatedwithadequateprovisionof <br />generalgovernmentservices,suchaspoliceandfireprotection,parksand <br />libraries. <br />ConsistencywithCouncilThisrevenuesourcewouldbeconsistentwithadoptedCityCouncilgoals& <br />Goals&Policiespolicies. <br />Fairness&PoliticalCityCouncilandcommunityacceptanceofthisrevenuesourcehasnot <br />Feasibilitybeenassessed.Itwouldbereasonabletoexpectthatthisrevenuesource <br />wouldbeopposedbythebusinesscommunitythatwouldbeaffectedby <br />thebusinesslicensefees. <br />SustainabilityImpactThisfeewouldnotimposeaburdenonfuturegenerations.However,it <br />wouldincreasethecostofdoingbusinesswithintheCityofEugeneand <br />wouldmakethecityaslightlymoreexpensiveplacetodobusiness. <br /> <br />