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Council hears uncertainty over county land bank and future lien collections
Summary
Council members discussed St. Louis County’s proposed land bank (Bill 57) and potential effect on the city’s ability to collect delinquent tax liens; the mayor scheduled a June 17 meeting with county officials to get details.
During the budget presentation council members probed how changes at the county level could affect Ferguson’s revenue from tax-lien collections. The mayor and several council members described Bill 57 — a St. Louis County measure to seed or expand a county land bank — and said it could alter municipalities’ ability to foreclose or auction tax-delinquent properties.
Why it matters: Ferguson’s finance…
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