Missouri Auditor to look at St. Louis’ use of economic incentives

News

Missouri Auditor Nicole Galloway.

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

ST. LOUIS (AP) – Missouri Auditor Nicole Galloway will review how the city of St. Louis uses economic incentives such as tax abatement and tax increment financing.

The Democratic auditor in January agreed to request from the St. Louis Board of Aldermen for a comprehensive audit of city government. She said Tuesday that her review will examine how incentives are administered by city offices.

Galloway says in a news release that while incentives can be valuable economic development tools, she has heard concerns from residents about the “transparency and accountability” of incentive programs used by the city.

It isn’t clear how long the audit will take.

FOX 2 Newsletters

Sign up for a newsletter from FOX 2 to get updates about news and weather. We offer daily headlines, breaking news, severe weather, and forecast emails.

Popular

Latest News

More News