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Business License Update

The City of Santa Fe Springs is a great place to live, do business, and raise a family, with safe neighborhoods, high-quality local schools and beautiful parks. The City is committed to maintaining strong community partnerships and providing quality City services to support the health and safety of Santa Fe Springs residents and grow our local economy.

Addressing Santa Fe Springs Roads and Infrastructure Needs

Keeping Santa Fe Springs clean, safe and well-maintained are our top priorities. Our local city streets and sidewalks, as well as aging city infrastructure need repairs and improvements. Damaged roads impact safety for drivers, pedestrians and bicyclists and result in costly pothole-related car repairs. Waiting to address these repairs causes them to worsen, costing us all more in the future.

In addition, maintaining proactive public safety to prevent crime and repairing our Aquatic Center so it can be reopened to the public are needed to keep our community strong. 

Updating Our Business License Structure

The City has been working proactively to examine the budget and develop a plan to maintain fiscal stability and address community needs without impacting City services and local residents. One strategy to secure our fiscal future is to update the City’s Business License tax, which was last adjusted over 25 years ago.

While no decisions have been made, the Santa Fe Springs City Council is considering placing a measure on the November 2022 ballot that would change the current business license tax rate square foot for industrial businesses and gross receipts of other businesses, phased in over the next four years. Together, these changes would generate approximately $1.5 million in the first year, increasing to reach $6.8 million annually by year four, in locally controlled funding to help support City services.

If approved by Santa Fe Springs voters, these funds could be used to support City services, such as:

  • Repairing city streets and sidewalks to improve traffic flow and reduce congestion
  • Sustaining 9-1-1 emergency response times and public safety services to prevent crime
  • Maintaining city parks and repairing the Aquatic Center
  • Supporting other general city government services

A Clear System of Accountability

  • Legally, all funds may only be used to support City services in Santa Fe Springs and cannot be taken by the State
  • All funds would be subject to annual general financial audits

We Want to Hear From You

The City Council will be considering this matter at its August 2, 2022 meeting, and welcomes your input. To provide feedback or ask questions, please call (562) 409-7582.

To learn more, please see our additional resources at the links below: