Operating a business in Lumby means handing over more cash.
Village council adopted a bylaw Monday that hikes business license fees.
“It’s a significant increase but it hasn’t been done in some time (20 years),” said Mayor Kevin Acton.
Fees in most categories will climb, including cardlock properties from $130 to $200, catering from $50 to $75, sawmills and concrete plants from $100 to $150 and professional services from $50 to $100.
All categories of restaurants will see licenses increase by $25 while most categories of retail space will also rise $25, except for retail more than 5,000-square-feet, which will go up by $70 to $200.
It’s expected the higher fees will pump an additional $6,600 a year into village coffers. And that could jump by a further $1,500 if a medical marijuana production facility opens.
Acton says much of the increased revenue will bolster the village’s contribution to the Lumby Chamber of Commerce.
“The chamber is doing some new projects such as a user guide for businesses and they are doing the tourism guide.”
Acton doesn’t anticipate a lot of complaints from business owners.
“There may be a bit of a shock but it’s not unreasonable for the service they receive from the chamber,” he said.