Newspaper article St Louis Post-Dispatch (MO)

Briefs

Newspaper article St Louis Post-Dispatch (MO)

Briefs

Article excerpt

MISSOURI

ST. LOUIS

Sale Of Bonds Provides $76 Million For New Jail

St. Louis has the $76 million it needs to build a new jail across from City Hall, now that the bonds to finance the project have been sold. The city was able to sell the bonds at 5.9 percent, or below the average interest rate. Comptroller Darlene Green said she timed the sale of the bonds to take advantage of a brief period of lower interest rates.

Last month, the city approved issuing the bonds and buying two-thirds of a city block bordered by Tucker Boulevard, Walnut and 11th streets. The new jail is expected to be complete by 1999. The city has been under a federal court order for two decades to ease overcrowding in its jails.

ST. LOUIS COUNTY

Mental Health Care Tax On Ballot In November

St. Louis County voters will decide at the Nov. 5 election on whether to increase property taxes to help pay for an expansion of local mental health services.

The County Council voted 6-0 Thursday to put on the ballot a proposal to raise taxes by 4 cents for each $100 assessed valuation. …

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