NEW ORLEANS - The City Council’s Budget Committee will review sales tax receipts from various industries to display the pandemic's major impact on local businesses on Wednesday, March 17, at 10:30 AM. The report to be presented at Tuesday’s meeting was requested by Budget Chair Jared Brossett and Council President Helena Moreno. This meeting is part of the ongoing efforts of the full Council and Mayor’s team working toward recovery.
This month’s meeting will feature an update on the City’s annual audit followed by a presentation on the City’s Sales Tax Collections from 2020 to current. Several budget matters will also be discussed, including additional funding for the New Orleans Fire Department, Parks and Parkways, New Orleans Recreation Development Commission, Mosquito, Termite and Rodent Control Board, and, finally, funding for rapid rehousing initiative for homeless populations. Committee members will also consider two amendments to the Classified Pay Plan. The meeting will conclude with budget reports from the Chief Administrative Office.
“At tomorrow’s budget committee, we will get an inside look into how our industries are faring in terms of sales tax collection. I want to thank Councilmember Moreno and join with her in requesting this agenda item. We share many of the same goals of providing businesses with support and relief after a year of economic hardship,” said Budget Committee Chair Jared C. Brossett. “Now, more than ever, we must continue to provide support to our businesses. A breakdown of the City’s sales tax data by industry provides important indicators as we contemplate next steps into our future and look to make informed policy decisions. We need to know our strengths and weaknesses as we work to rebuild our business environment and generate sustainable growth. This is why as the City moves towards economic recovery, it is imperative that the Council receive the most up-to-date data on our sales tax collections.”
“I’m committed to getting people back to work. We must focus on all types of industries in our City, and not leave anyone behind,” said Council President Helena Moreno. “This is our opportunity for a strong recovery and revival thanks to a major influx of federal dollars. It's also our chance to create an environment for more homegrown small businesses and for new entrepreneurs to thrive and grow. Through data-driven and business climate analysis, the Council and Mayor’s team working in collaboration can create many more opportunities for success.”
For more information or to view the meeting agenda, click here. To view the City revenue presentation, click here.
WHO: City Council Budget Committee members and presenters, including Brandy Smith of Postlethwaite & Netterville, Chief Financial Officer for the City of New Orleans Norman White, represents of the Chief Administrative Office, and more
WHAT: City Council Budget Committee to discuss business impacts of COVID-19 and citywide recovery efforts, among other legislative agenda items
WHEN: Wednesday, March 17, beginning at 10:30 AM
WHERE: Virtual, tune in at council.nola.gov