City of Alexandria, Virginia
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MEMORANDUM
DATE: APRIL 9, 2026
TO: THE HONORABLE MAYOR AND MEMBERS OF CITY COUNCIL
THROUGH: JAMES F. PARAJON, CITY MANAGER
FROM: KEVIN C. GREENLIEF, DIRECTOR OF FINANCE
DOCKET TITLE:
TITLE
Public Hearing of an Ordinance to amend and reordain Section 9-1-71.1 (FINANCIAL SERVICES) of Article C (NONREGULATORY LICENSES) of Chapter 1 (Business Licenses) of Title 9 (Licensing and regulation) of the Code of the City of Alexandria, Virginia, 1981, as amended.
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ISSUE: Consideration of an ordinance proposed as part of Add/Delete to increase the Business, Professional, and Occupational License (BPOL) tax rate for Financial Services businesses with annual gross receipts of $100,000 or more from $0.35 per $100 of gross receipts up to a maximum of $0.40 per $100 of gross receipts.
RECOMMENDATION: That City Council:
1. Consider the proposed ordinance (Attachment 2) on first reading and schedule it for public hearing on Saturday, April 18, 2026; and
2. After hearing public testimony, set for second reading and final passage on Wednesday, April 29, with budget adoption.
BACKGROUND: Prior to the deadline on April 6, 2026, for Council Members to submit Add/Delete proposals for the FY 2027 budget that require an ordinance amendment, a proposal was submitted to increase the Financial Services BPOL tax rate by five cents. The preliminary Add/Delete work session is scheduled for April 21, 2026. The final Add/Delete work session, if necessary, is scheduled for April 27, 2026. Following a public hearing, the final decision on this Add/Delete proposal would be deferred until the adoption of the FY 2027 budget on April 29, 2026.
DISCUSSION: On April 6, 2026, several members of City Council submitted a proposal for discussion at the Add/Delete work session to increase the tax rate on businesses in the Financial Services BPOL category by five cents. This would r...
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