Economic Vitality Committee Agenda and Packet 2020 05 06

Home Browse Search

Economic Vitality Committee Minutes April 15, 2020 Page 6 of 7 shut down first, then to businesses that were able to shift, then “affected” businesses. Mayor Pro Tem Maloney appreciates Chair Dickinson but disagrees. He believes biggest fiscal injury would be allocated first. Mayor Stolzmann started thinking we have to have a discussion about business types. We want to include many business types. W e don’t want to create different class of businesses. She is comfortable where we ended up and feels we can rank order the businesses. We unfortunately cannot be perfect. Director Pierce said we have our criteria and can rank on business start date, perhaps we can talk about sales tax and contributors to sales tax. There are different types of filers: monthly, quarterly, and yearly. All licensed businesses are assigned one of these filing periods, and it relates to the type of business. A monthly filer must produce a certain amount of Sales and/or Use Tax; many are retailers, food and beverage establishments, etc. It could be a proxy for injury that does not specify who closed but the general types most affected by the Stay at Home orders. The tie breaker criteria then would be the open date of the business in Louisville (oldest getting first preference). Rick Kron said he likes the sales tax conversation. He likes the LASER acronym and likes the Mayor’s method for allocating URA money. Mayor Pro Tem Maloney likes that Director Pierce laid out sales tax, he is interested in that. Going to look at applications, see what category of tax filing they are doing, give preference to monthly, quarterly, yearly, then give preference opening date of business. He supports using sales tax filing information. Director Pierce would add this to the business criteria section. Mayor Pro Tem believes this would be more straightforward. Mayor Stolzmann also supports this. Chair Dickinson said this should provide Director Pierce with enough information to move forward. He believes EVC has provided clarity, simplicity, criteria and ranking. We are trying to be fair and impartial. Mayor Pro Tem Maloney thanked his colleagues and acknowledged the bulk of work done by Director Pierce. He is happy with what the EVC has accomplished.