Isn't this effort just a "bailout" of the City's debt?

The debt of St. Louis City will be paid through taxes currently in place in the City until the debt is repaid. St. Louis County will not assume the debt of the City of St. Louis. Similarly, all debts within a given municipality will remain with the municipality that incurred it.

In other words, whether it is a current municipality in St. Louis County or the City of St. Louis, no debt or outstanding liability will transfer from one municipal to another. All debts will be paid by the municipality in which it was incurred using existing revenue streams collected within the municipality to service outstanding obligations.

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