Voters in will take to the polls Aug. 7 to vote on Proposition P.
Prop P is a four-tenths of a cent sales tax increase with the money going to fund parks and the storm water budget. Federal mandates on storm water care and maintenance are forcing the city to make adjustments—costly adjustments.
City staff projects $119 million is needed to complete the 100-plus storm water projects. The current storm water budget is just $600,000—significantly less than the proposed $3.9 million yearly budget needed to address the storm water problems.
To close the gap, St. Peters considered three options: a property tax increase, an additional fee on utility bills or the sales tax increase. The city decided the sales tax would be the way to go.
The fourth-tenths of a cent tax increase adds up to four cents extra for every $10 spent in the city. In addition to the storm water, the money will also be used toward funding and maintaining the city's parks and the and furthering the development of .
Before the Aug. 7 vote takes place, six informational meetings are scheduled throughout St. Peters. The meetings will be for residents to ask questions and get information about all the things the city plans to do if Prop P is passed.
All meetings start at 7 p.m. The dates are:
- July 10—
- July 12—St. Peters Senior Center
- July 17—
- July 19—
- July 31—
- Aug. 2—