Shall the measure updating the City's Business License
Tax by replacing the current tiered structure with a $50
tax for businesses with annual gross receipts of $25, 000
or less and $50 plus $1. 00 per $1, 000 of gross receipts
above $25, 000 for most other businesses; establishing a
minimum tax base equal to the cost of operations for
businesses whose operating costs exceed gross
receipts; and raising approximately $1, 000, 000 annually,
until repealed by voters, be adopted?