An Important Read From Team TIF On City’s Finances: Revenue, Expenses, TIF Debt, Tax Abatement, Pensions

yTkejEGTE01/01/2017 Team TIF Blog: Stormy Fiscal Seas Ahead for St. Louis- A Look at the City of St. Louis’s FY2017 Comprehensive Annual Financial Report (CAFR)

“Over the next 27 years, the City is projected to spend $636,466,000 in service of the TIF obligations that the city had issued as of June 30, 2017.”

“At over a billion dollars and growing, the police pensions could be a ticking time bomb that nobody has yet shown the courage to address.”

“The City’s Net Position held fairly steady at $1.3-$1.45 billion, for many years after the 2008 recession. After FY2013, the City’s Net Position has begun a dramatic decline. Some of this is due to the large debt load that was taken on, in order to win the NGA site selection process, though that can’t account for the entirety of the City’s declining fiscal position.”

“In 2013, the City’s net position was valued at $1.32 billion. As of June 30th of this year, it had halved to $646.5 million. The rate of the City’s Net Position decline slowed between 2015 and 2016, but has begun accelerating between 2016 and 2017. That the City’s Net Position has been halved in only a handful of years is of great concern. This declining position of is especially concerning, as the Comptroller notes that the Scottrade bonds hadn’t been signed, which would have added another $64M in obligations to the City’s books. This would have further decreased the City’s Net Position, but litigation held up the issuance of the bonds.”

 

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City Budget Hearings Start Wednesday

budget2018_AOP_cover-page-001Or not.

City online calendar lists Board of Aldermen Ways & Means Committee hearings on budget for…

9 am Wednesday, May 10, 2017

9 am Wednesday, May 11, 2017

No location is given. But it’s Free!

ways1ways2

The Board of Aldermen Agenda last Friday did not list Budget hearings this week.
boaagenda

Previous Calendar Notice for Wednesday/Tomorrow said the committee was taking up the Board of Aldermen’s budget. That has disappeared. Both meetings this week just list Board Bill 1 (budget) instead of which departments’ budgets will be heard.

The City Calendar also lists a Ways & Means Committee Citizens Input Meeting on City Budget for 6:30-7:30 pm Wednesday, May 17th, at St. Mary Magdalen School Hall, 4924 Bancroft

Board Bill 1 (FY2018 Budget)

Here’s the proposed City Operating Plan for FY2018, it will give you more information than the budget bill.

Ways & Means Committee Members: 8th Ward Alderman Stephen Conway (Chair), 27th Ward Alderwoman Pam Boyd (elected in April), 21st Ward Alderman John Collins-Muhammad (elected in April), 19th Ward Alderwoman Marlene E Davis, 14th Ward Alderwoman Carol Howard, 4th Ward Alderman Samuel L. Moore, 13th Ward Alderwoman Beth Murphy, 23rd Ward Alderman Joseph Vaccaro. Board President Lewis Reed is a voting member of all committees.

Contact Information for Aldermen and Board President

Wednesday Budget Hearings on Police & County Offices + Property Tax Hike

yTkejEGTEMake your voice heard. Contact Committee Members, Your Alderman, and Board President Lewis Reed. Contact information at end of post.

St. Louis Ways & Means Committee
8:30 am Wednesday, June 1
Leisure Room, City Hall
Board Bill 1 – FY 2017 Budget by Board President Lewis Reed and 8th Ward Alderman Steve Conway

Tentative Agenda

8:30 am Police Department

9:15 am Sheriff Department
sheriffbudget9:30 am Circuit Attorney Continue reading

Wednesday Budget Hearings on Streets Dept & Collector of Revenue

yTkejEGTEMake your voice heard. Contact Committee Members, Your Alderman, and Board President Lewis Reed. Contact information at end of post.

St. Louis Ways & Means Committee
8:30 am Thursday, May 25th
Leisure Room, City Hall
Board Bill 1 – FY 2017 Budget by Board President Lewis Reed and 8th Ward Alderman Steve Conway

Tentative Agenda

8:30 am
Street Department
Traffic & Lighting Division
Street Division
Refuse Division

9:30 am Collector of Revenue

Members of the BOA Ways & Means Committee include: Alderman Steve Conway (8th Ward), Alderman Chris Carter (27th Ward), Alderman Antonio French (27th Ward), Alderman Terry Kennedy (18th Ward), Alderman Sam Moore (4th Ward), Alderwoman Beth Murphy (13th Ward), Alderman Scott Ogilvie (24th Ward), Alderman Joe Vaccaro (23rd Ward).

Board President Lewis Reed is a voting member of all committees.

Contact Information for Members of the Board of Aldermen

Contact Information for Board President Reed

Thursday Budget Hearing on Parks, Recreation, Forestry

yTkejEGTEMake your voice heard. Contact Committee Members, Your Alderman, and Board President Lewis Reed. Contact information at end of post.

St. Louis Ways & Means Committee
8:30 am Thursday, May 19th
Leisure Room, City Hall
Board Bill 1 – FY 2017 Budget by Board President Lewis Reed and 8th Ward Alderman Steve Conway

Tentative Agenda

8:30 am Parks, Recreation & Forestry Budget (Greg Hayes, Parks Director)

9 am Parks Department (Commissioner Dan Skillman)

9:30 am Recreation Department (Commissioner Evelyn Rice-Peebles)

10 am Forestry Department (Commissioner Skip Kincaid)

Members of the BOA Ways & Means Committee include: Alderman Steve Conway (8th Ward), Alderman Chris Carter (27th Ward), Alderman Antonio French (27th Ward), Alderman Terry Kennedy (18th Ward), Alderman Sam Moore (4th Ward), Alderwoman Beth Murphy (13th Ward), Alderman Scott Ogilvie (24th Ward), Alderman Joe Vaccaro (23rd Ward).

Board President Lewis Reed is a voting member of all committees.

Contact Information for Members of the Board of Aldermen

Contact Information for Board President Reed

Wednesday, May 18 Citizen Input Meeting on City FY2017 Budget

yTkejEGTEMake your voice heard. Contact Committee Members, Your Alderman, and Board President Lewis Reed. Contact information at end of post.

St. Louis City Ways & Means Committee
6 pm Wednesday, May 18th
New Northside Conference Center
5939 Goodfellow

Citizen Input Meeting on Board Bill 1 – FY 2017 Budget by Board President Lewis Reed and 8th Ward Alderman Steve Conway

Members of the BOA Ways & Means Committee include: Alderman Steve Conway (8th Ward), Alderman Chris Carter (27th Ward), Alderman Antonio French (27th Ward), Alderman Terry Kennedy (18th Ward), Alderman Sam Moore (4th Ward), Alderwoman Beth Murphy (13th Ward), Alderman Scott Ogilvie (24th Ward), Alderman Joe Vaccaro (23rd Ward).

Board President Lewis Reed is a voting member of all committees.

Contact Information for Members of the Board of Aldermen

Contact Information for Board President Reed

Note: I don’t understand the use of term “Citizen Input Meeting.” All hearings on department/office budgets are public hearings where citizens may testify.- Marie Ceselski, 7th Ward Democratic Committeewoman

Thursday, May 12th Board of Aldermen FY2017 Budget Hearings

City Hall3Make your voice heard. Contact Committee Members, Your Alderman, and Board President Lewis Reed. Contact information at end of post.

St. Louis Ways & Means Committee
Thursday, May 12th
Leisure Room, City Hall
Board Bill 1 – FY 2017 Budget by Board President Lewis Reed and 8th Ward Alderman Steve Conway

Tentative Agenda Continue reading