St. Louis – The pharmaceutical giant Pfizer has reached a deal to pay additional property tax to St. Louis County.
Pfizer received a 50 percent tax abatement on a new research building it opened in Chesterfield in 2009. The project generated 1,000 new jobs. But later that year, the company laid off 600 of those workers, and county officials considered requiring the company to pay 100 percent of its tax bill. The deal will require Pfizer to pay 80 percent.
St. Louis – A group of St. Louis city officials, employees and community activists is fighting an effort to dump the city's one percent earnings tax.
Retired investment banker Rex Sinquefield is behind the effort. He says the taxes here and in Kansas City are bad for business and job growth. The petitions he's helped sponsor would put the issue to a statewide vote. Opponents are asking people to refuse to sign those petitions.
St. Louis – The ongoing fight over a jobs bill in Congress has forced the Missouri Department of Transportation to delay bidding on road projects for a month - and the delays could get worse.
The U.S. Senate last week overwhelmingly approved a $15 billion job creation bill earlier this week. But it's much smaller than the $154 billion measure the House signed off on in December, and that's aroused vicious opposition from some members of the House Democratic caucus.
St. Louis – A winter storm pummeling the East Coast has forced the Missouri Department of Transportation to cancel the groundbreaking on the new Mississippi River bridge.
Several federal officials could not make it out of Washington, D.C. to attend the ceremony to officially start the project. Though work will start as scheduled, MoDOT director Pete Rahn said the department decided to wait until the Congressmen could be recognized.
St. Louis – A parade of St. Louis city aldermen were on the hot seat Thursday in the trial challenging their approval of $390 million in public financing for a massive redevelopment of north St. Louis.