Ordinance 67194

Summary

BOARD BILL # 156 INTRODUCED BY ALDERMAN STEPHEN CONWAY, O. L. SHELTON, LEWIS REED, KEN ORTMANN, JOE VOLLMER, STEPHEN GREGALI, JENNIFER FLORIDA,KATHLEEN HANRAHAN, WILLIAM WATERHOUSE An ordinance relating to the graduated business license tax imposed pursuant to Ordinance 60643; imposing, subject to the approval of the voters, increased graduated business license taxes and setting forth public safety purposes for which revenue generated by the proposition shall be used; repealing, subject to the approval of the qualified voters SECTION ONE of Ordinance 60643, approved January 8, 1988, and enacting in lieu thereof a new SECTION ONE imposing increased graduated business license taxes; submitting unless such question shall have received in its favor the votes of a majority of the voters voting thereon at the August 8, 2006, election, to the qualified voters of the City of St. Louis a proposition to approve the increase in the graduated business license taxes; providing for an election and the manner of voting thereat; providing that if such question shall receive the votes of a majority of the voters voting thereon that such tax shall be authorized and shall be imposed on graduated business licenses issued for the tax year beginning June 1, 2007 and every tax year thereafter; providing further for the establishment of a Public Safety Trust Fund and for the establishment of an Enhanced Police Services Account, an Enhanced Criminal Prosecution Account, and an Enhanced Problem Properties and Nuisance Crime Prosecution Account within such Fund into which all revenue derived from the increase in the graduated business license tax pursuant to the approval of the voters and all interest on such revenue shall be deposited, allocated and credited and setting forth the purposes for which monies in such Trust Fund and such Accounts shall be used; restricting the use of monies in such Trust Fund and such Accounts to expenditures for the purposes listed; requiring an annual review by the Ways and Means Committee of the Board of Aldermen to monitor the distribution of all monies in the Public Safety Trust Fund; and containing a severability clause and an emergency clause.

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