There are clearly two different schools of thought on the subject within the city's council, prompting an at-times heated discussion at council's meeting on Monday night.

Deputy mayor Amanda Cohn ultimately succeeded in her push for community and business feedback to be sought before council determines whether it should continue the arrangement that has seen the event go from strength to strength.

Albury Racing Club is seeking another two-year extension, with Albury Council's ongoing endorsement crucial to the NSW Department of Treasuring giving the green light to the half-day holiday.

Cr Cohn argued that council needed to seek the views of its community.

"It's not a box-ticking exercise. We actually need to listen to the community," she told her fellow councillors.

But Councillor Darren Cameron said the Gold Cup had strong community support, and another round of consultation was not necessary.

"The only people I could imagine who would not be in favour would be the same sort of drop-kicks who picketed the premiere of the new film about (Michelle Payne)," he said.

Only one thing is a certainty, that being that whatever council eventually decides to do, it can't and won't please everyone.

The half-day holiday has played no small role in building the success of the Albury Gold Cup, with crowds in excess of 15,000 people cementing the event as the city's biggest social event.

But in order to apply for the half-day public holiday, the council is in fact required to assess support for the idea, and the social, tourism and economic impact. In a recent such survey, it received 622 responses, with 77 per cent in support of the idea. That support has been consistent in the past three surveys.

Council can only be guided by the views of its ratepayers. So if you want to take part in the process please do, but do so before the horse has bolted.

Click here to submit your feedback to council.