Won't St. Louis County residents be on the hook for St. Louis City's debt?

No. Under the plan recommended by the Task Force, all current debt and liabilities, including pension liabilities, remain with the municipality or city in which they were incurred. These debts will be paid using revenues collected through existing taxes within that municipality or city. Debts from other municipalities will also remain in the city in which it they were incurred. Accordingly, any revenue streams (including sales tax) within an individual municipality that exist specifically to service outstanding debt will remain in that municipality until the debt is retired. For more information, please see Appendix E (Metro Finances Overview) of the Task Force Report.

Ask more questions.