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St. Peters finalizes budgets and rates

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 rates20192020 (proposed)
General Fund$0.5584$0.5626
Debt Service Fund$0.2116$0.2074
Total Assessed Rate$0.7700$0.7700
Dollar amount in millionsDollar amount in millions
Debt Service$4.30$4.66
County Sewer Lateral Repair$0.06$0.06
Local Parks & Stormwater$9.20$8.02
Sewer Lateral Repair$0.73$0.70
Transportation Trust$13.58$10.92
Water Service Line Repair$0.23$0.23
370 Lakeside Park$1.00$1.16
Environmental Services$11.99$13.74
Golf & Banquet Center$1.60$1.79
Reduced from 20203.34
Approximate reduction3%

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.

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