City has no 'plan B' after $180 million bond issue fails | St. Louis Public Radio

City has no 'plan B' after $180 million bond issue fails

Aug 4, 2015

A $180 million bond to fund capital expenditures and upgrades to buildings in St. Louis has failed.

Proposition 1 received 61 percent of the vote in unofficial results, but the city charter requires a two-thirds majority for bond issues. Turnout was below 10 percent.

"It took the Board of Aldermen almost two years to bring this question to voters," said Todd Waelterman, the city's operations director in a statement. "I am sorry that it didn't get enough votes to  be approved. Until they do approve one, we will patch the trucks together with duct tape and keep doing our jobs. There really isn't a Plan B at this point." 

Mailers distributed by Reinvest STL in support of a $180 million bond issue. The measure failed to receive the 2/3 majority needed for passage
Credit (Rachel Lippmann/St. Louis Public Radio)

The two-thirds vote was already a high threshold, said Tom Shepard, the chief of staff to board president Lewis Reed, and a series of news stories over the past month didn't help.

"You had taxpayers concerned, upset and disillusioned," Shepard said. He pointed to legislation mortgaging city buildings to back a $20 million loan the city will use to buy land in the proposed footprint for the National Geospatial Intelligence Agency, and stories in local media about elected officials getting take-home cars.

The St. Louis Fire Department was set to receive $39 million, making it the biggest beneficiary of the bond issue. The newest trucks in the fleet are 10 years old, and some back-up trucks were built in 1989.

Capt. Gregg Favre, a fire department spokesman, said the department responds to as many as 500 emergency calls a day. 

"It's not like we're out racing these in mud pits. It's just the wear and tear of big city emergencies," he said.

Favre said the department may have to evaluate its protocols outlining the kind of equipment that responds to different calls.

In other elections, a tax increase requested by the Francis Howell School District failed by a wide margin. But voters in Foristell, a small town bordering St. Charles and Warren counties, approved a 1-cent a gallon gas tax for street maintenance.

In a statement released this morning, Francis Howell Superintendent Pam Sloan expressed disappointment in the defeat of the tax increase, which lost by a 2-1 ratio.

"Managing the budget in a fiscally responsible manner has always been a top priority for our Board of Education," Sloan's statement said. "The District Administration and the Board will be working to make some additional reductions for this coming school year to bring expenditures in line with declining revenue. As reductions are determined, we will share that information with you.

"Again, while we are disappointed in the election results, we remain as committed as ever to providing our students with the best education possible."

Follow Rachel Lippmann on Twitter: @rlippmann