How were the District’s boundaries determined?
Long-term, the CID is planned to cover all of Soulard; however, including the entire neighborhood from the CID’s inception would probably have meant the CID would never happen. Here’s why: The Soulard CID relies on businesses to generate income through a sales tax. So for the program to be successful, it’s critical to include the most number of businesses in the district with the fewest number of signatures and approvals necessary. The boundaries of the proposed CID were determined based on a requirement that the district boundary must be contiguous. Once that requirement is met, program launch requires a plan that provides a balanced revenue stream, combined with a manageable District size, which can be approved without excessive effort and expense. The Soulard CID would be the largest CID in St. Louis (outside of the 180-block Downtown CID). Further, the Soulard CID would cover more residential properties than any other CID in the City. Adding any more territory to the CID without a significant number of businesses in the area would require substantial time, work and finances in order to get the District approved. Simply put, the current plan represents the smartest, most efficient way to launch the Soulard CID. Adding any more properties at the beginning of this effort would probably result in failure. We need to take baby steps first. In response to a request from the Soulard Restoration Group, the Soulard CID Steering Committee agreed that the Soulard CID’s boundaries would be reviewed in the future, once revenue streams have been established, benefits of the CID are clearly visible within the neighborhood, and expansion of the District could be accomplished in an effective and efficient manner. 1. Note: Soulard Market is not included in the Soulard CID because it is a City-owned property, which is eligible for its own, individual CID. Allowing Soulard Market to eventually pursue a CID which would benefit improvements, repairs and revitalization of the market would allow the Market to focus on its particular needs apart from the needs of residents within the Soulard CID.
Will the Soulard CID increase my property taxes?
No. Never. Absolutely not. The Soulard CID is a simple 1% sales tax. Revenue from the 1% sales tax on all retail, food and beverage sales, based on current sales data, is estimated to be $500,000 annually. That’s an added $2.5 million over the next 5 years alone. Additionally, revenues from the Soulard CID can be leveraged with grants and City, State and Federal funds to provide even more monies for projects included in the CID plans.
What does a 1% sales / use tax mean to you?
Pursuant to Sections 67.1401 through 67.1571 of the Revised Statutes of Missouri, and to Section 8 of the originating petition, the CID “may impose a District sales and use tax on all retail sales made within the District which are subject to taxation pursuant to Sections 144.010 to 144.525 of the Revised Statutes of Missouri … at a rate not to exceed one percent (1%) for a maximum of ten (10) years.” The CID imposed the 1% sales and use tax in January 2020, following approval by qualified voters of the tax at an election held by mail-in ballot.
The CID collects its tax revenue monthly from the MO Department of Revenue and receives two distributions each month (usually for the prior month’s collected revenue):
Sales tax distribution … is the tax imposed on retail sales of tangible personal property and certain services. Sales tax is determined by the location of the sale, hence, the CID sales tax of 1% is applied to any taxable sales made by retailers/sellers inside the CID boundary area.
Use tax distribution … is the tax imposed on the “storage, use or consumption” of tangible personal property (but does not apply if the purchase was already subject to sales tax). Use tax is determined by the location of where the taxable tangible personal property is delivered, hence, the CID use tax rate of 1% is applied to purchases of tangible personal property that is delivered to addresses inside the CID boundary area from businesses located outside of the CID boundary area from which the state of Missouri collects taxes (e.g., Amazon, most online retail, etc.).
Click here for a list of retailers that have submitted sales tax revenue within the last 12 months (ending 9/24).
What benefit will I get from the Soulard CID?
In every neighborhood or district in St. Louis where a CID has been enacted, property values and business revenues have risen . . . and in some cases, risen dramatically. Funding from the Soulard CID will be used for improvements not currently available or budgeted by the City or neighborhood entities. Services and projects could include: – Infrastructure (public improvements, sidewalks, street lighting, etc.) – Clean up and Maintenance (trash cans, trash clean up, etc.) – Marketing and Branding (brochures, signage, and marketing for residential, commercial and business opportunities) – Community Development (long-range planning to keep Soulard vibrant) – Transportation and Parking Solutions, plus Administration for implementation of all projects and services.
What’s in it for me, if I don’t live within the proposed Soulard CID boundaries?
When one part of Soulard benefits, we all benefit. Even if you don’t live in the CID, expect your property values to rise. Expect a carry-over effect to your block or your street, in terms of quality of life. With branded marketing programs in place, Soulard’s image will be enhanced throughout the region as St. Louis’s premiere neighborhood for entertainment and true urban living. This is our neighborhood’s chance to promote what’s best about Soulard. We’re much more than Mardi Gras, pub crawls and the place to go party. Soulard is rich in architecture, provides a local feel with city amenities, is home to some of the metro’s most popular restaurants and stands tall as a safe, friendly and fun place to live, work and play. But if we don’t convey those messages and keep improving our neighborhood, we’ll be surpassed by other neighborhoods competing for the same residents and revenues.
Is any of the funding from the Soulard CID allocated for safety?
In research and discussions, the Steering Committee found (3) broad categories for safety coverage: patrols, cameras and infrastructure. The first two of these categories are covered by the Soulard Special Business District (SSBD). The SSBD collects a special assessment on every Soulard property to pay for safety/security projects and services. Safety and security is the singular reason for the SSBD’s existence. The CID Steering Committee, on the other hand, feels the purpose of the CID is to fill gaps for projects, services and efforts which are currently under-funded or not funded by the City or neighborhood organizations. The CID’s funding of infrastructure, such as improved lighting, would contribute added safety, while addressing areas of concern that are 3. not being addressed at present. The CID will fill gaps, rather than duplicate or overlap efforts already in place; consequently, the possibility of “double taxation,” particularly in the case of SSBD safety and security programs, will be eliminated. The CID will address needs which are currently being neglected, due to insufficient resources rather than focus all efforts on one single issue. This strategy will allow the newly created tax district to provide more services and benefits to the neighborhood, while addressing a broad spectrum of needs. Once the CID has been established and has fulfilled the goals outlined in its organizational petition, the tax district’s Board of Directors could consider expanding the CID’s mission to include safety, if they believe the change is warranted and necessary for neighborhood improvement and stabilization.
How long will the CID remain in place?
As defined in the articles of organization for the ordinance creating the CID, the proposed length of the existence for the Soulard CID is 25 years. The term for the sales tax funding the CID is 10 years and subject for review at that time.
How can I help or apply for apply for a Soulard CID Board of Directors position?
We’re always looking for enthusiastic supporters to help make the Soulard CID a reality. Whether you’d like to volunteer or apply for a Board position once the Soulard CID is enacted, please e-mail us at: communications@soulardcid.org.