ST. LOUIS, MO/March 20, 2017 (STLRealEstate.News) St. Louis doesn’t have the safest city reputation throughout the country. After the Ferguson shooting and subsequent rioting, the city is in need of a little law facelift in the national media’s eyes. Local communities are all-too-aware of this, and want to put some more of their taxes into police and safety spending this year. The topic is open for an April 4 vote on the matter. Up for discussion is a series of tax increases to boost spending on public safety. There’s a wholesome consensus that police and fire departments need the extra money, and various spending measures are being put out to voters in specific municipalities to see what they have to say.
For St. Louis County in particular, citizens will be able to vote on what is called Proposition P, in which the funding would come through a sales tax. The amount would be a half-cent, bringing the base sales tax rate to 7.613 percent. The funding from this tax, which is expected to be $80 million in one year, will be given to the St. Louis County police and other municipalities based out of the region. In particular, $46 million will be given to the police officers to increase officer pay and purchase equipment like body and dashboard cameras. The remaining $34 million will be distributed out to communities.
Close to St. Louis, Crestwood residents will get a different proposition, called Proposition C, which will get its funding through a property tax. The tax will be 45 cents, bringing the rate to about 70 cents per $100 of assessed valuation. The proposition is meant to bolster the city’s general fund, which has lost millions of dollars since Crestwood Mall closed in 2013. Crestwood is currently running a $525,000 deficit.
Will you be voting on either of these propositions this April? Let us know!