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Sunday Poll: Should St. Louis End Development Incentives?

April 15, 2018 Featured, Sunday Poll No Comments
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Today’s poll is about the controversial topic of incentives to spur development. In December 2017 a report from Comptroller Darlene Green said, for the 2017 fiscal year that ended in June, tax abatements resulted in forgoing about $17 million dollars in revenue — St. Louis only receives about 19% of property taxes.

St. Louis municipal operations, therefore, did not receive about $3.3 million in property taxes that property owners would have paid last fiscal year absent the incentives. The school district missed out on about $10.3 million. The remainder would have gone to other tax-supported entities, such as the Zoo-Museum District, the St. Louis Public Library and the Metropolitan St. Louis Sewer District.

For the city, the forgone revenue is a drop in the bucket of its $1 billion budget. And economic development officials argue that tax abatement can help revitalize distressed properties, potentially attracting new residents who also pay city sales taxes and earnings taxes to make up for the property tax break. (Post-Dispatch)

So here’s today’s poll question:

This poll will close automatically at 8pm tonight. Wednesday I’ll share my thoughts and the non-scienitific results.

— Steve Patterson




Comment on this Article:



Spotted new lime bikes at the civic center MetroBus transit center today and north along 14th. #stl ... See MoreSee Less

2 days ago  ·  

Metro’s Civic Center MetroBus Center reopened in August 2017, but the huge gap between the curb ramp and Clark street remains. #ADAfail ... See MoreSee Less

2 days ago  ·  

Will be there to learn more about future transit plans for the St. Louis region.Join us, Trailnet and Great Rivers Greenway from 4 p.m. to 7 p.m. today at the St. Louis Public Library Central Branch (1301 Olive). We'll be talking about Metro Reimagined.

🚌 #19, #41, #74, #97, #10
🚋 Civic Center MetroLink Station
🚐 Electric Cab North America
🚲 LimeBike | ofo
... See MoreSee Less

3 days ago  ·