The Ferguson City Council has placed a (2%) business license utility tax increase on the August 2, 2016, ballot.
If approved by Ferguson voters, Proposition U would authorize the City of Ferguson to generate additional municipal revenues by increasing the current business license utility tax from (6%) to (8%) on utilities, including companies supplying light, electricity, power, gas, telephone and water.
Proposition U is not a property tax on homeowners and a "No" vote will leave in place the City's existing (6%).
“If approved by Ferguson voters the City anticipates the two percent increase will allow an additional $700,000 of collections,” said Ferguson City Manager, De’Carlon Seewood. “This will allow the City to hire five additional police officers not currently included in the City’s Budget for the Fiscal Year ending June 30, 2017. This will also allow the City not to layoff firefighters and to keep Firehouse Number 2 from closing,” added Seewood.
If Proposition U passes,Ferguson Homeowners will see a 2% increase in the following Utility Bills: (This is an example only)
Electricity Bill $75.00 per month + $1.50 per month
Gas Bill $110.00 per month + $2.20 per month
Telephone Bill $75.50 per month + $1.50 per month
Water Bill $35.00 per month + .70 per month
-Additional monthly cost $5.90 per month
"We are asking Ferguson, voters, to approve Proposition U, which will allow the City to keep moving forward with needed services,” added Seewood.