Get Even More Visitors To Your Blog, Upgrade To A Business Listing >>

Missouri News: City of St. Louis Closes $50 Million General Obligation Bond Sale

Missouri News: City of St. Louis Closes $50 Million General Obligation Bond Sale

Voters approved the $50 million no-tax-increase bonds for capital improvements in August

ST. Louis, MO – The sale of St. Louis City’s $50 million General Obligation (GO) Bonds, Series 2018 has closed.  Proceeds from the issue support the purchase of equipment for first responders, making improvements to bridges in the city, and renovations and upgrades for city and courts facilities.

Approved by St. Louis city voters during the August primary election, the Series 2018 GO bonds were structured such that no tax increase is necessary to meet the debt service requirements

“Fully employing our current tax levy through no-tax-increase bonds is a way for the city to sustain routine capital investment before asking voters to increase property taxes,” said Comptroller Darlene Green. 

Continue reading Missouri News: City of St. Louis Closes $50 Million General Obligation Bond Sale at STL.News.



This post first appeared on STL.News, please read the originial post: here

Share the post

Missouri News: City of St. Louis Closes $50 Million General Obligation Bond Sale

×

Subscribe to Stl.news

Get updates delivered right to your inbox!

Thank you for your subscription

×