City delays hearing over proposed business license tax surcharge



City delays hearing over proposed business license tax surcharge

Commissioner Steve Novick is proposing a surcharge on the city’s business license tax for companies that are publicly traded based on the pay ratio between the CEO and the median employee.
Commissioner Steve Novick is proposing a surcharge on the city’s business license tax for companies that are publicly traded based on the pay ratio between the CEO and the median employee. The ordinance was scheduled to have a hearing on Oct. 5, but it was delayed due to protests at City Hall related to the now approved Portland Police contract. The rescheduled hearing will be Oct. 26.