Pool Sales Tax Study GroupPerspectives

Pool Study Group

Black Jack Clarkson Valley Greendale Florissant St. Louis County University City Webster Groves Wildwood

B Study Group

Who is in the pool?290,270 in A Municipalities401,953 in B Municipalities322,159 in Unincorporated County724,112 residents in the pool

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

Case for sharing

Interwoven economic fabric Sales tax revenues dependent on a

healthy region Infrastructure costs are shared Geographic and historic growth patterns

Observations

External trends are shrinking the “pie” Reliance on retail expansion TIF payments Location advantages Significant revenue can be gained by

optional taxes

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

B City Perspectives

Simplify the formulaClear, simple, calculable formula neededContinue step formula rather than flatUnderstand the impact of TIF on formulaCreate a cap on contributions from POS cities

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

B City Perspectives

Changes in the ¼ cent optional taxNo pooling of tax; full amount retained by

levying cityCounty is not eligible for ¼ cent sharingCounty given legislative authority for ¼ centCapacity to compensate for pool contributions

Raise funding from $13 million to $35 million Provide county with over $7.5 million

B City Perspectives

Retain the pool Instability in planning and budgeting with

changesPool should be retainedAll annexations stay in the poolCities can not leave the poolCounty remains as part of the pool

B City Perspectives

St. Louis CountyCounty should separate municipal and

county-wide functions and budgeting

County should be given authority for local options taxes