St. Louis voters to decide fate of $180 million bond issue
ST. LOUIS (AP) - St. Louis voters will determine if they want property taxes to increase to pay for infrastructure improvements.
The St. Louis Post-Dispatch reports that aldermen on Tuesday approved putting a $180 million bond issue on the Aug. 4 ballot. Mayor Francis Slay signed the bill. The measure requires two-thirds approval from voters.
The bonds would be repaid over 20 years. A home with a value of $140,000 would see a $50 annual increase. The tax applies to vehicles and real estate.