Discussing the Recent St. Louis Tax Incentive Report With Good Jobs First’s Anthony Elmo
Glenn Burleigh from Mound City Messenger discusses the recently released Good Jobs First report on local tax incentive usage with one of the report’s authors.
Glenn Burleigh from Mound City Messenger discusses the recently released Good Jobs First report on local tax incentive usage with one of the report’s authors.
SLDC has turned to a new company led by a man with extensive ties to Paul McKee’s Northside Regeneration to coordinate the city’s recovery from this year’s historic tornado.
SLDC recommends millions in tax breaks to real estate developers on an annual basis, and they rarely say no to these requests. Unlike in Kansas City, there is no way to monitor if St. Louis’s economic development board members are voting on matters that financially benefit themselves.
The city’s FY2024 Annual Comprehensive Financial Report highlights a financial turnaround, exceeding revenue estimates and ending with a $1.5 billion net position. This is despite some revenue shortfalls and pension concerns.
One local paper would have you think that Mayor Jones introduced corruption to SLDC, while another would have readers believe the agency has a sterling reputation. Neither narrative is true.
Municipal election chaos peaked last week, with numerous candidates making unsubstantiated claims on social media. City voters will be well-served to resist the prevailing sensationalism swirling around tomorrow’s primary. Much of it seems to be distracting nonsense.
The City of St. Louis faces a potential audit due to concerns over SLDC’s questionable contractor decisions and alleged corruption. Past audits yielded minimal accountability. MCM’s Editor in Chief weighs in with lessons learned from the last city audit.