Albury Council will re-visit the holiday on Monday after putting on hold approval to carry out community consultation which has revealed from 538 online survey responses almost 80 per cent backed council's ongoing support for the event.

Some feedback even suggested the holiday be extended to a full-day which exists for the Wodonga Gold Cup meeting.

The council is required to make an application to the NSW Department of Premier and Cabinet for the half-day holiday with the deadline being November 8.

Last month, council staff recommended an application be prepared without undertaking the consultation due to the last three consultations being consistently in favour of the half-day holiday.

It sparked a fiery debate between councillors leading to the consultation being carried out followed by the Australian Industry Group calling for a full assessment on the impact to business from the half-day holiday.

But the latter won't be carried out until applications for 2022 and beyond due to time constraints.

Leading Albury businessman Max Luff made a submission to council outlining his long-held opposition to the half-day holiday.

"I am not a 'drop kick', I am not a 'flip', I am not a 'fruit loop', nor am I a member of an 'extremist group'. I would prefer to think that I am an enduring Albury businessman who has employed a lot of Albury people over many, many years," he wrote.

"It has been many years since I have written to council but I take exception to the comments made, especially when it is people like us having to foot the bill for a ridiculous holiday."

In her report for council's consideration, staff member Sue Harper said the Gold Cup had enjoyed significant popularity and national profile for many years and was now recognised as one of the premier regional racing carnivals in Australia.

"In addition, strong partnerships have been developed with Destination NSW, Tabcorp and Racing NSW to increase event development opportunities," she wrote.

"This includes increasing the economic impact of the event by extending the length and breadth of the carnival in order to maximise visitor numbers, their length of stay and spend, and to provide additional opportunities to promote Albury nationally.

"The two-day 2019 Albury Gold Cup Carnival attracted in excess of 6300 attendees, which was significantly lower than previous years due to extremely wet and unseasonal weather conditions.

"In comparison, the 2017 Albury Gold Cup Carnival attracted over 15,500 attendees."