St. Louis Co. Town Oks Tax Breaks for New Walmart
SHREWSBURY, Mo. (AP) - Plans for a new Walmart Super Center in the St. Louis County town of Shrewsbury are moving ahead after aldermen approved tax breaks for the project.
Aldermen voted 4-2 Tuesday to award $15 million in subsidies. Their vote overrode a Jan. 8 decision by the city's Tax Increment Financing Committee.
Some residents have been critical of the $46 million project and the idea of providing tax subsidies to a company worth billions of dollars. The battle in Shrewsbury has been going on for two years.