Aldermen cut funds for St. Louis college program - KMOV.com

Aldermen cut funds for St. Louis college program

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A program meant to help pay for college expenses of children in St. Louis City was recently cut. Credit: KMOV A program meant to help pay for college expenses of children in St. Louis City was recently cut. Credit: KMOV
ST. LOUIS, Mo. (KMOV.com) -

The St. Louis Board of Aldermen cut funding for a controversial new program aimed at helping St. Louis kids go to college.

“They have a cavalier attitude that it's their money," Alderman Steve Conway said of the Treasurer's Department. "They are supposed to protect assets and be good stewards of public funds, not spend it as fast as they can.” And Conway isn't the only Alderman frustrated with the department.

Another alderman, who wished to speak off record, said the overhead for the program is way too high, calling it "the epitome of bureaucratic incompetence."

Some Aldermen, like Steve Conway, expressed concern over Treasurer Tishaura Jones' May budget, citing it as a one of the main reason for their decision to end funding.

Aldermen have questioned the treasurer's spending, including her creation of the Office of Financial Empowerment. Under it, she also created a program giving parking revenue to kindergarteners in saving funds for college.

However, the Board of Aldermen cut the overhead for the program, not the program itself, something most of them agreed with.

Jones has and continues to defend the program, and still says it's the right thing to do. "We want to give children a head start, an early head start to start saving for college," she said.

The Treasurer's Department released a statement Friday, calling the cuts "silly politics" targeting poor children and families. Jones says they'll manage the cuts.

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