St. Louis voters to decide fate of $180 million bond issue

4 years 5 months 2 weeks ago Wednesday, May 27 2015 May 27, 2015 Wednesday, May 27, 2015 7:16:19 AM CDT May 27, 2015 in News
By: The Associated Press

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.

 

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