At its Sept. 10 meeting, by a vote of 9-0, the St. Peters Board of Aldermen approved bills establishing the city’s budgets for 2020 and 2021. Rocky Reitmeyer (Ward 1) was absent.
Bills 20-93 and 20-94 respectively set the city’s budgets.
The FY2020 budget will support keeping the property tax rate at $.7700 per $100 assessed valuation, the same rate that has been in effect since 2007. City budget analyst Erin Gardner confirmed the board will vote on the Jan. 1-Dec. 31, 2020, property tax rate at the board’s Sept. 24 meeting.
Missouri statutes require the city to levy its property tax prior to Oct. 1 each year. Prior to approving the levy, the city is required to hold a public hearing with notice posted seven days in advance. Property tax rates also are subject to certification by the Missouri State Auditor’s office.
|Property tax rates||2019||2020 (proposed)|
|Debt Service Fund||$0.2116||$0.2074|
|Total Assessed Rate||$0.7700||$0.7700|
|Dollar amount in millions||Dollar amount in millions|
|County Sewer Lateral Repair||$0.06||$0.06|
|Local Parks & Stormwater||$9.20||$8.02|
|Sewer Lateral Repair||$0.73||$0.70|
|Water Service Line Repair||$0.23||$0.23|
|370 Lakeside Park||$1.00||$1.16|
|Golf & Banquet Center||$1.60||$1.79|
|Reduced from 2020||3.34|
The board also passed Bill 20-95 for solid waste service rates effective Oct. 1, and Bill 20-96 for water and sewer rates effective Oct. 1.
The St. Peters residential home collection fee for a standard solid waste container was approved at $24.98 per month, compared to $24.61 per month for the previous year. The new rate is an increase of 37 cents or 1.5% per month.
The St. Peters water/sewer service fee for the average St. Peters residential customer [monthly usage of 4,950 gallons] will be $39.76 per month effective Oct. 1, compared to $37.48 per month for the previous year. The new rate is an increase of $2.28 or 6% per month.
Gardner noted that the solid waste and water/sewer rates are still substantially lower than in surrounding areas.