Summary

The proposed bill amends and revises Ordinance Number 62885, which imposes a one-half of one-percent sales tax, known as the Capital Improvements Sales Tax, on all retail sales made in the City of St. Louis which are subject to taxation under the provisions of Sections 144.010 to 144.525 R.S.Mo., and provides for the allocation of such funds for the purpose of funding capital improvements, including allocations for ward capital improvements, so that allocations for ward capital improvements for each ward shall be made based upon each ward’s “need”. Need is to be determined pursuant to an annual analyses conducted by the St. Louis Development Corporation of the following six data points for each ward: Median Household Income, Poverty Rate, Educational Attainment (percentage of college graduates), Unemployment Rate, Crime Rate (crimes against persons; murder, rape, robbery, aggravated assault), and Vacant Parcels per ward.