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St. Louis County amends transportation sales‑tax plan and clears $45 million Central Range public‑works building for bond financing
Summary
St. Louis County commissioners voted April 15 to amend the county’s transportation sales‑tax plan and to approve capital plan changes enabling issuance of TST‑backed bonds to finance a proposed $45 million Central Range Transportation Building near Hibbing.
St. Louis County commissioners voted April 15 to amend the county’s Transportation Sales and Use Tax (TST) Transportation Improvement Plan to make facility projects — including a proposed Central Range Transportation Building — eligible for TST proceeds. Commissioners also approved amendments to the county capital improvement plan and a resolution stating intent to issue general obligation transportation sales and use tax revenue bonds to finance the new Central Range facility.
Deputy County Administrator Jim Fallacy (presented as deputy administrator in the hearing) and county planners told commissioners the TST has generated about $155 million in total revenue since 2015 and currently yields roughly $21.5 million annually. County staff said they will limit new debt so debt service for all TST‑backed bonds does not exceed about 50% of the annual TST revenue (around $10.75 million), preserving pay‑as‑you‑go capacity for roads, bridges and safety projects.
Why it matters: the change makes a transportation facility — a public works campus that houses maintenance equipment, shops and…
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