St. Louis Community College will see its annual budget increase by nearly $ 30 million after voters approved a property tax increase in Tuesday’s special election.
The election attracted about 8% of voters in the city and county of St. Louis. Proposal R won 54% of the county vote and 73% of city voters.
The property tax rate in the community college district, which also includes small portions of Franklin and Jefferson counties, will increase by 8 cents for a levy of 27.87 cents for every $ 100 of assessed value.
The tax on an average house worth $ 324,000 will increase by about $ 49 per year, with the community college district accounting for nearly $ 172 of the total property tax bill.
The new funds will be used to finance a $ 350 million bond issue for facility upgrades and upgrades to attract new students to health care, information technology, service financial, biotechnology and manufacturing, according to the college.
The Invest in St. Louis Community College fund has brought in nearly $ 550,000 in campaign donations, according to documents filed with the Missouri Ethics Commission.
The campaign’s biggest donor was Andrew Taylor, executive chairman of Enterprise Holdings, which contributed $ 100,000, according to commission reports.
Other major campaign donors included Centene ($ 50,000), the Carpenters Union ($ 30,000), Mercy ($ 25,000), Cigna ($ 25,000), Schnuck Markets ($ 20,000) and the Regional Business Council ($ 20,000).