St. Louis Co. town Oks tax breaks for new Walmart
Wednesday, January 30, 2013
SHREWSBURY, Mo. (AP) — Plans for a new Walmart Super Center in the St. Louis County town of Shrewsbury are moving ahead after aldermen approved tax breaks for the project.
Aldermen voted 4-2 Tuesday to award $15 million in subsidies. Their vote overrode a Jan. 8 decision by the city’s Tax Increment Financing Committee.
Some residents have been critical of the $46 million project and the idea of providing tax subsidies to a company worth billions of dollars. The battle in Shrewsbury has been going on for two years.
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