CRESTWOOD, Mo. (KMOX) – There’s an open house-style meeting in Crestwood tonight as city officials look at the possibility of placing a property tax increase measure on next April’s ballot.
Mayor Gregg Roby says right now there are three proposals on the table: one increase at 25 cents per $100 of assessed valuation, another for 50 cents and a third for 75 cents. Roby notes he’s leaning towards the third option.
“That’s the only one that keeps us above the reserve limit that we’ve set as a Board of Aldermen of 45 percent of our reserves,” he says.
City Administrator Kris Simpson will start the meeting by explaining the need for new revenue streams to combat an expected $7 million shortfall over the next five years. Participants will then cast a non-binding vote as to which of several alternative plans they favor.
Roby says those who can’t make the meeting don’t have to miss out on the presentation.
“We’re going to live stream this as well as give people that aren’t able to attend the meeting opportunity to go to YouTube, view the presentation and then they can vote on what tax increase they feel would be appropriate,” he says.
The meeting runs from 6 to 9 p.m. at the Crestwood Community Center in Whitecliff Park.
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