Legislation is moving ahead at the state level to reform the TIF process in Missouri. An interesting coalition of progressive and conservative activists have joined to help move this legislation ahead. The legislation will reduce the number of years of a TIF and give school districts the right to comment and opt out. A good start indeed. Written by Paul Dribin
The Riverfront Times contained an excellent article today. It focused on a bill before the Missouri legislature which will improve the use of TIFs. It will require more transparency, shorter TIF periods, and allow the school districts more input and the possibility of opting out. The legislation is supported by both liberal and conservatives etc. The City of St. Louis is opposed to it because they want more “local control” over the process. Once again the City of St. Louis is on the wrong side of history. Written by Paul Dribin.
I take the lists of best and worst to not be worth very much. Nevertheless in the competitive world of travel and jobs maybe they do play a role.
First, a list I just saw ranks St. Louis as the very best place for a young person to move. The report cites the low cost of housing and cultural amenities. I think we all know that, the question is how do we harness it to bring more young people here and retain the ones we have. I would suggest offering a free weekend trip to St. Louis for anyone who wants it who live a certain distance away. Paying for this would of course be an issue but maybe the Regional Chamber can tighten up on some of their salaries to do this. Our cultural amenities are on a par with the greatest cities in the world
On the extremely negative side, Fodor’s published a list of where not to travel in the world, Missouri was listed right up there with Myanmar and Cuba( actually you would be safer in Cuba for sure). I don’t know why Missouri is worse than some other redneck states but we are. Much of it goes back to the NAACP report from awhile ago. Written by Paul Dribin
Much is being written and discussed about the Governor’s decision to terminate Missouri State Affordable Housing Tax Credits. The loss of these credits will make affordable housing difficult to do and adversely affect a certain category of poor person. I am not in favor of eliminating these credits simply because there is really nothing else to work with in the affordable housing arena.
Nevertheless, the greed of some members of the affordable housing industry made this decision by the Governor inevitable. There are many developers, syndicators, attorneys, and consultants who have gotten rich off the program. Too much of a dollar of tax credits does not go for actual housing expenses. Many in the industry do not really care about poor people.
In addition, the Low Income Housing Tax Credit Program is both inefficient and ineffective. Inefficient for the reasons cited above plus a hugely complicated program. Ineffective because the program does not house poor people who need it the most. Tenants still must pay a $400-$600 monthly rent. Homeless people need not apply.
If the traditional public housing program was allowed the same per unit expenditures and site location it would have been a more efficient and effective housing program. Unfortunately, anything that smacks of public involvement is frowned upon these days. Written by Paul Dribin
Missouri passed a law about six months ago which made filing a discrimination or fair housing complaint more difficult. Many in the know advised against it primarily for moral reasons, but also because of the potential for lawsuits and possibility of listing federal funding. Well, the predictions have come true. HUD has written that if the law is not changed by March 2018 federal funding for fair housing enforcement will be terminated. That is because the state law is no longer “substantially equivalent” to the federal law. It would be just deserts if Amazon opted not to come here due to our redneck ways. Written by Paul Dribin
This is the second in my series about local good guys. Jerry is a personal injury attorney who has been quite successful. He is now going after employer based 401-k accounts for overly high administrative fees and too low rates of return
Jerry has accomplished two major things for the city of St Louis and State of Missouri. First he took the lead in getting the State historic Tax Credit program approved. This program has resulted in the preservation of thousands of historical buildings and the generation of the investment of Hugh sums of money in our communities.
Second he started and chairs the St Louis Arch Grants which provide startup funds for promising new businesses.
What impressed me the most about Jerry is that both these endeavors do not benefit him directly. He is just a civic minded citizen