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Item Q03 y f? .J ~~\ 1 I' .,,- <....'If.....~ ',~,~J.:~, -,.-_V Legenaarg KEY LARGO Chamber of Commerce 106000 Overseas Highway' Key Largo' FL' 33037' 3051451-1414' Fax: 3051451-4726' key/argochamber.org Sept. 24, 2008 Mr. Mayor, commissioners, thank you for allowing me to speak today. My name is Jackie Harder and as president of the Key Largo Chamber of Commerce, I represent 374 member businesses from Key Largo to Key West. I can summarize my presentation today in 3 words: You're killing us! With ~ commercial property values increasing between 26% and 110% this Year, and taxes averaging 50% higher than last year, you're killing the business community as surely as if you'd stuck a knife in our hearts. Many people in the Keys are worried about losing our community character. This budget does more to damage community character than anything else I can think of. The small, local businesses that give the Keys their unique flavor are going to die. They will to be forced to sell out to the national corporations that can afford to pay the taxes. The problem is, people don't come to the Keys to do business with big national corporations. They come here for the laid-back community character that small, local businesses help provide. The county's rental housing stock is also affected by this budget. You think housing is unaffordable now? What will happen when rents have to go up 50% to cover just the cost of taxes? Your only public speaker Monday night said, "You'll have a ghost town if you continue to place the [tax] burden on commercial properties." He is absolutely correct. And none of us want that. Please, keep cutting this budget before the business community is bled to death. Mission statement of the Kev Laroo Chamber of Commerce To develop and actively market a vibrant political, social and economic business environment by using the individual and collective power of its membership. Q.3