St. Louis County Board Approves Maximum Levy Increase
Posted at: 09/10/2013 11:14 PM
| Updated at: 09/10/2013 11:16 PM
The St. Louis County Board approved a maximum 1.5 percent increase for the levy next year, meaning the maximum the Board can receive from the property tax levy will increase to $113.3 million for 2014.
In a press release, the Board says the increase is specifically dedicated to funding long term debt associated with the renovations of the Government Services Center. According to the Board, all other increased costs have been absorbed with no levy impact to taxpayers, saying that for the fifth consecutive year the levy has been below the rate of inflation
"This levy amount represents a harmonious balance of responsible taxation and cost effective service delivery," said Commissioner Steve Raukar who chairs the Board's Finance Committee.
The adoption of the final capital and operating budget will take place at the Dec. 17th board meeting, at which point the county may reduce, but not increase, its levy.