For the first time in 27 years, Artesia has increased its business license fees, a move expected to raise revenues by about $25,000 a year.
The City Council Monday passed an ordinance raising the fees through a formula based on gross receipts and the number of employees.
Previously, the minimum amount a business would pay was $10 and the maximum $275. Under the new ordinance, which takes effect Oct. 1, the minimum fee will be $25 and the maximum $500.
The city estimates that business license fees will produce $55,000 in the 1985-86 fiscal year and that the new fees will boost that to $80,000 in 1986-87.