Comptroller Calls for Vote on $50M No-Tax-Increase GO Bonds in 2018

(ST. LOUIS—December 12, 2017) Comptroller Darlene Green proposes that city leaders ask taxpayers to approve the issuance of $50 million no-tax-increase general obligation (GO) bonds in 2018 for public safety capital improvements.

“City leaders owe taxpayers the responsible management of their tax dollars since asking them to raise sales taxes this year,” said Comptroller Green. “This second no-tax-increase GO bond issue is part of the 10-year financial strategy approved by the Board of Estimate and Apportionment in September 2015.”

St. Louis city voters last approved $25M no tax increase GO bonds in 2016 to support firefighters.

“With this bond issue, city voters will not see higher taxes and first responders can receive essential public safety equipment to better serve the community,” said Comptroller Green. “If asked, I am confident that voters will again support our first responders in 2018.”

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Comptroller Darlene Green is the chief fiscal officer of the City of St. Louis and is charged with safeguarding the city’s credit rating and with protecting taxpayer dollars. In 2017, she was recognized as a Trailblazing Woman in Public Finance by the Northeast Women in Public Finance. Visit www.stlouis-mo.gov/comptroller to learn more about the Office of the Comptroller.