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Final 9-25-16 Delaware

Bond Issue To Go To City Voters In August

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Bond Issue To Go To City Voters In August

St. Louis, MO (KTRS)  A $180-million bond issue will go to city voters in August. The St. Louis Board of Alderman on Tuesday approved the measure. The bonds will be used to fund several projects including the replacement of fire trucks, upgrades to jail security systems, and a new centralized 911 dispatch center. Mayor Francis […]

Bond Issue To Go To City Voters In August

St. Louis, MO (KTRS)  A $180-million bond issue will go to city voters in August.

The St. Louis Board of Alderman on Tuesday approved the measure. The bonds will be used to fund several projects including the replacement of fire trucks, upgrades to jail security systems, and a new centralized 911 dispatch center.

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.

The recommendations for using the bond money were established by the City’s Capital Committee and adjusted by the Board of Aldermen over the past year and a half.

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