Without mall revenue, Crestwood officials say town faces looming budget crisis

Credit: KMOV

Crestwood has money problems and it has a big decision approaching on the April 4 ballot: Proposition C.

The city has a major deficit and now residents are being asked to pay for it through a 45-cent property tax levy increase.

If it doesn’t pass the city said it will have to make other cuts.

“We’re facing a deficit of over $500,000 and 75 percent of our general fund budget is in personnel so it’s very likely it may require personnel reductions in order to balance the budget,” said City Administrator Kris Simpson.

Proposition C is intended to help beef up the general fund that was depleted after the Crestwood Mall disintegrated and the recessions hit.

“I am all for it because I do not want our services reduced. I want our community to be a quality community and a community that’s attractive,” said resident Carol Wagner.

Others fear that basically doubling the property tax is just too expensive for most families.

“It’s like some 30 percent are single family households, 20 percent are fixed income over the age of 65 ,so doubling our taxes sounds a bit like we’re taxing the many to enrich the few,” said resident Robert Hahn.

There are two more informational meetings on March 25 and 29 for residents to get their questions answered.

Copyright 2017 KMOV (Meredith Corporation). All rights reserved

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