- December 22, 2021
- Posted by: Stratford Team
- Category: Business
Two taxes aimed at downtown city businesses are being eliminated starting in 2022.
At Tuesday’s city council meeting, the business privilege and mercantile taxes were officially eliminated and will not be collected starting in 2022. Talks of eliminating the two taxes were first brought up at the council’s pre-Thanksgiving meeting on Nov. 23. The two taxes bring in about $540,000 annually, but have been cited as a deterrent for businesses relocating inside city borders.
“This is something that needed to be done for many, many years,” Councilman Tim Fulkerson said at the meeting, the last one of 2021 and the last for the outgoing, two-term member.
Fulkerson pointed to the efforts of Councilman Bryan Cameron, who heads the finance committee. Solicitor Ted Saad added an amendment…
