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City Council Meeting of August 6, 1996 <br />New Tax Classification <br />Page 4 <br />FINANCIAL. IMPACT: <br />If Option One is selected, it is unclear as to whether or not any type of negative impact <br />will be experienced to revenues. <br />If the solution is to create a compromise, then Option Two will have the least negative <br />impact on the City's revenues. This is especially true if other types of businesses <br />successfully argue that they should be considered as "Big Ticket Item" sellers. <br />Option Three will have the most negative impact to the City's revenues. This is <br />especially true if otherty es of businesses successfully argue that they should be <br />consid.Wd as "Big TickKef SSellers. <br />Development Director <br />None. <br />RECOMMENDATION: <br />Staff recommends that no changes be made to the current Ordinance. <br />Report prepared by J.C. Washington, Sr. Business License/Collections Officer <br />