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On July 22, the Redwood City Council will discuss at its weekly meeting whether or not to approve proposed changes to the city's business license tax with the goal of maintaining the essential services through increased revenue and reducing the tax burden on small businesses.
The changes to the business license tax, the city said, will help reduce a persistent annual deficit of $9 million.
The proposal was made based on 20 meetings held with the business community, residents and other stakeholders to explore modernizing the city's Business License Tax, where significant feedback was obtained to restructure the tax proposal, the city said in a statement.
Based on this feedback, the proposed changes to the Business License Tax have been updated. The new proposal retains the current focus on charging businesses for insurance.