Download presentation
Presentation is loading. Please wait.
Published byReginald Bennett Modified over 9 years ago
1
Pool Sales Tax Study Group Perspectives
2
Pool Study Group Black Jack Clarkson Valley Greendale Florissant St. Louis County University City Webster Groves Wildwood
3
B Study Group Who is in the pool? 290,270 in A Municipalities 401,953 in B Municipalities 322,159 in Unincorporated County 724,112 residents in the pool
4
Pool Study Group Principles Foster a healthy region History of sharing, necessary and fair Common legislative message Focus on job-creating economic development Foster efficient, consistent, local government services
5
Case for sharing Interwoven economic fabric Sales tax revenues dependent on a healthy region Infrastructure costs are shared Geographic and historic growth patterns
6
Observations External trends are shrinking the “pie” Reliance on retail expansion TIF payments Location advantages Significant revenue can be gained by optional taxes
7
New Revenue Generators Passage of ¼ cent – increase from $13 m to $35 m Parks and Stormwater – increase from $49 m to $70 m Capital Improvement – increase from $47 to $70 m Economic Development and Fire - $12M
8
B City Perspectives Simplify the formula Clear, simple, calculable formula needed Continue step formula rather than flat Understand the impact of TIF on formula Create a cap on contributions from POS cities
9
B City Perspectives Remove county annexation and incorporation charges Remove from ¼ and 1 cent Generate over $1.2 m for POS and $750,000 for B cities
10
B City Perspectives Changes in the ¼ cent optional tax No pooling of tax; full amount retained by levying city County is not eligible for ¼ cent sharing County given legislative authority for ¼ cent Capacity to compensate for pool contributions Raise funding from $13 million to $35 million Provide county with over $7.5 million
11
B City Perspectives Retain the pool Instability in planning and budgeting with changes Pool should be retained All annexations stay in the pool Cities can not leave the pool County remains as part of the pool
12
B City Perspectives St. Louis County County should separate municipal and county-wide functions and budgeting County should be given authority for local options taxes
Similar presentations
© 2025 SlidePlayer.com. Inc.
All rights reserved.