Darlene Green

St. Louis City Hall
Jason Rosenbaum | St. Louis Public Radio

A major credit rating agency has released a report downgrading St. Louis' ratings.

In a report that was released last Friday, Moody’s Investors Services downgraded by one notch the city’s $27.4 million worth of general obligation bonds. It also dropped the rating on the St. Louis Municipal Finance Corporation's, $123.5 million of “outstanding rated lease revenue debt issued for essential purposes,” as well as the corporation's $138.6 million “of outstanding rated lease revenue debt issued for non-essential purposes.”

Moody’s decision could make it more expensive for the city to borrow money.

Marshall Griffin/St. Louis Public Radio

Developer Paul McKee has two weeks to reimburse the city of St. Louis for legal fees associated with his Northside Regeneration project. 

The city’s Board of Estimate and Apportionment voted Wednesday to give McKee until April 30 to pay approximately $57,000 in legal fees. That money is associated with a roughly three-year legal battle over McKee's proposal to redevelop portions of north St. Louis.

Jason Rosenbaum, St. Louis Public Radio and the Beacon

Every week, St. Louis Public Radio and the Beacon's Chris McDaniel, Jo Mannies and Jason Rosenbaum talk about the week’s politics. 

St. Louis Comptroller Darlene Green joins the podcast this week. Green is the city's chief fiscal officer and one of the longest-serving comptrollers in modern history.

photo of Thomas Schweich
Provided by the auditor's office

Democrats may be deciding between "fight or flight" when it comes to taking on state Auditor Tom Schweich in November.

Last week, state Rep. Jay Swearingen, D-North Kansas City, bowed out of the state auditor's contest. He told the Associated Press that he wanted to step aside for another Democrat who's better able to raise money for the race.

(Rachel Lippmann/St. Louis Public Radio)

Opponents of a proposed $250,000 consulting contract between the city of St. Louis water department and the French utility company Veolia call the latest move in the saga by Mayor Francis Slay “political chicanery."

(Rachel Lippmann/St. Louis Public Radio)

St. Louis mayor Francis Slay says he's approaching his historic fourth term with "hope and optimism."

Slay and Comptroller Darlene Green took their oaths of office just after noon today at City Hall. He's the first mayor elected to a fourth, four-year term and will become the longest-serving in the city's history at the end of the month. 

(via Flickr/pasa47)

After 18 months of work behind the scenes, a three-week delay, and two hours of debate that covered topics from roller skating to Robert Frost, the St. Louis Board of Aldermen has sent a $64 million bond issue for the city's parks to Mayor Francis Slay.

(via Flickr/ChrisYunker)

The St. Louis Board of Aldermen appears likely to meet an end-of-the-year deadline to pass a bond issue for the city’s parks, giving initial approval today to legislation that would issue $64 million in debt to fund major capital repairs at the more than 100 parks in the city limit.

(via Flickr/ChrisYunker)

A $25 million donation to Forest Park may be in jeopardy if the St. Louis Board of Aldermen cannot approve a bond issue for parks improvement by the end of the year.

The two bond issues - one for Forest Park, another for the city's 100+ other parks - stalled again Thursday at the Board of Aldermen.

The bills would work in the following way:

(Rachel Lippmann/St. Louis Public Radio)

Saying they could not in good conscience declare that the city of St. Louis is in a fiscal crisis when it had a budget surplus last year, two members of the Board of Estimate and Apportionment on Wednesday forced a delay on implementing a third year of furloughs for city employees.

Joseph Leahy/St. Louis Public Radio

On Saturday, Standard and Poor's downgraded the debt of the United States a notch.

But the ratings firm continues to see debt issued by the city of St. Louis as a good investment, though vulnerable to economic shocks.

A budget that proposes laying off 20 city workers to help close a $30 million gap is in the hands of the St. Louis Board of Aldermen.

(Rachel Lippmann, St. Louis Public Radio)

The "long and arduous" fight over the budget for the city's fire department will go on for another week.

The three-member Board of Estimate and Apportionment tabled the layoffs of 30 firefighters at the request of Board of Aldermen president Lewis Reed. Reed, comptroller Darlene Green, and Mayor Francis Slay will make the ultimate decision about the layoffs.

(UPI/Bill Greenblatt)

St. Louis firefighters were told last week that they'd be subject to 30 layoffs. Yesterday, Comptroller Darlene Green said she would push a plan to furlough firefighters instead of laying them off.

Today, as the St. Louis Post-Dispatch reports, the firefighters have responded.

St. Louis Comptroller Darlene Green says she will campaign against Proposition A and will help raise money to defeat the Nov. 2 statewide ballot proposal, which would bar Missouri communities from imposing earnings taxes, and require local authorization votes in the two cities that already have them: St. Louis and Kansas City.

Green says she plans to "speak out against Proposition A on Oct. 1 during her keynote address at the annual Workers Rights Board breakfast."