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Budget committee gives due-pass to Resolution 194, adopts assessment maintenance plan substitute
Summary
The St. Louis City Budget Committee approved a committee substitute and recommended a due pass for Resolution 194, the city's two-year assessment maintenance plan; Assessor Sean Ordway warned that the senior tax freeze and reassessment of tornado-damaged parcels will strain staffing and budgets.
The St. Louis City Board of Aldermen Budget Committee voted to give a due-pass recommendation to Resolution 194, adopting a committee substitute that contains the exhibits for the city's two-year assessment maintenance plan.
Assessor Sean Ordway presented the plan and told the committee the maintenance plan, required by state statute, outlines how the assessor's office will maintain assessments for real and personal property and be submitted to the State Tax Commission. "The objective of the maintenance plan is to outline how the assessor is going to maintain assessments for both real and personal property," Ordway said.
Why it matters: Passing the committee substitute allows the plan to proceed to the Board of Estimate and Apportionment and ensures the city remains in compliance with the State Tax Commission's…
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