St. Louis considers 0.5 percent sales tax hike for MetroLink, soccer stadium

The city of St. Louis is considering a 0.5 percent retail sales tax hike to pay for a host of projects, including a starter fund for a north-south MetroLink expansion and a Major League Soccer stadium.

Both plans revolve around voters’ willingness to approve a half-cent sales tax increase that Mayor Francis Slay’s office estimates could generate as much as $20 million a year. The total combined sales tax rate in St. Louis is 8.67 cents per dollar.

Voters would be asked in April whether to approve the tax increase. If an increase is approved, the money from that tax would pay for initiatives in four areas: MetroLink expansion, neighborhood development, workforce development and public safety.

Read more: St. Louis Business Journal, St. Louis Post-Dispatch

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