Did you ‘Say Yes… Again,” to Proposition 1 in the voting booth on Tuesday?
The majority of Sunset Hills voters did. The half-cent sales tax, which was first okayed by residents in 1994 to pay for capital improvements to city buildings, will now continue when the bonds mature in 2016. Taxes generated can be used to fund, operate, and maintain capital projects.
The tax currently generates approximately $875,000 each year, according to the city.
More than 73 percent of voters (1,499) said 'yes' to the extension, according to unofficial results by St. Louis County. Twenty-six percent, or 533 voters, voted against the extension.
Sunset Hills aldermen recently approved the city's first capital improvement plan, which outlines major projects for the next five years. Read more here.
Through the original bond, Sunset Hills was able to make improvements to City Hall, the police station, and public works building, among other projects.
The tax generates roughly 12.5 percent of the city's total gross revenue. City staff believe the capital improvement fund will have a positive balance of $797,000 at the end of 2012, according to the city's most recent newsletter. They estimate a surplus of more than $238,000 once bonds are redeemed.