St. Louis Post-Dispatch 1/23/24
ST. LOUIS — The city is a national outlier for awarding tax breaks to developers, amounting to a loss of $1,634 per student per year in St. Louis Public Schools, according to a report released Wednesday.
The report looks at annual revenue losses from tax abatements in SLPS and the 23 school districts in St. Louis County. It shows tax breaks adding up to $260.7 million in losses to area schools over the last six years.
“While these programs were laudably enacted to encourage economic revitalization of distressed areas, the net fiscal effects cause local students to
