Mayor Slay, Aldermen Reed butt heads over proposed bond issue

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by KMOV.com staff

KMOV.com

Posted on June 26, 2014 at 7:13 AM

Updated Thursday, Jun 26 at 7:21 AM

St. Louis, Mo. (KMOV) – St. Louis City Mayor Francis Slay and the President of the Board of Aldermen Lewis Reed are butting heads over a proposed bond issue.

“That’s to be expected that we have differences of opinion on various different things because of the things that I think is really important, and we’re spending $200 million, let’s do it on things that are going to create jobs”, said President Reed.

News 4’s Laura Hettiger did some digging and found $155 million of the proposed bond is slated to go towards critical needs such as police, fire and building safety.

That leaves up to $40 million to go to other programs over the next ten years.

However, according to those close to the mayor, voters will most likely be asked to approve a $175 million bond come November.

“These investments that we need to make to keep our city strong and to keep our city government running strong as well”, said Mayor Slay.

The bond will cost the average St. Louis resident an extra $30 per year for every $100,000 worth of assessed value. 

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