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Treasurer’s Office of Financial Empowerment Partners on New Municipal Home Loan Program

2019-07-19T13:47:44+00:00

One of the fastest ways to build personal wealth is through home ownership. The City of St. Louis Treasurer’s Office of Financial Empowerment is partnering with Stifel Bank to help City employees become home owners. Work & Live St. Louis is an affordable home loan and home loan refinance program for municipal employees of the City of St. Louis. The following employees are eligible for the mortgage program: City of St. Louis, St. Louis Public Schools, St. Louis Public Library, and Lambert International Airport. The loan can be used to purchase single family homes; two to four family homes; and condos [...]

Treasurer’s Office of Financial Empowerment Partners on New Municipal Home Loan Program2019-07-19T13:47:44+00:00

Statement from Treasurer Jones about the Use of Reserve Funds

2019-07-19T13:47:44+00:00

There have been many conversations recently about the city’s financial difficulties, particularly around raising taxes to fund the police department. That conversation has turned to the Treasurer’s Office and using Parking Division reserve funds to help the city. As of the 2016 Audited Financials, the Parking Division had approximately $20 million in unrestricted reserves. Like most companies, the Treasurer’s Office uses this reserve fund to insure its outstanding debt. The Parking Division’s reserve fund insures approximately $67 million of outstanding debt that was accrued for building parking garages and upgrading the parking meter system. Having a healthy reserve fund allows the [...]

Statement from Treasurer Jones about the Use of Reserve Funds2019-07-19T13:47:44+00:00

Fourth Annual Office of Financial Empowerment Fair

2019-07-19T13:47:44+00:00

The City of St. Louis Treasurer’s Office will host its Fourth Annual Financial Empowerment Fair at St Louis Community College at Forest Park on Saturday, April 1, from 9am to 3pm. Several banks, credit unions and non-profit agencies will be on hand to provide important information about financial opportunities such as bank accounts, credit counseling, money management, savings, and investing. “The goal of the fair is to educate and empower the citizens of our region to make better choices with their money and to avoid using predatory financial services,” said Treasurer Tishaura O. Jones. “We are excited about providing this opportunity [...]

Fourth Annual Office of Financial Empowerment Fair2019-07-19T13:47:44+00:00

Representatives from Duke University Lab to Visit Office of Financial Empowerment

2019-07-19T13:47:44+00:00

Common Cents Lab Will Partner with College Kids to Help Grow the Program A team from the Common Cents Lab at Duke University will be at the Office of Financial Empowerment next week (February 6 and 7) to begin a partnership with the Treasurer’s Office College Kids Children’s Savings Account Program. Common Cents is a financial research lab that helps low-to-moderate income households improve their financial well-being. Common Cents uses research to recommend changes in behavior that lead to positive financial outcomes. Common Cents will help the Treasurer’s Office determine ways to get College Kids participants increase their savings. The Common [...]

Representatives from Duke University Lab to Visit Office of Financial Empowerment2019-07-19T13:47:44+00:00

Treasurer’s Office Saves City Millions by Refinancing Parking Debt

2019-07-19T13:48:14+00:00

Savings to Occur Over 15 Year Period The City of St. Louis Treasurer's Office will save $4.6 million after refinancing outstanding parking debt. The City of St. Louis has $48.8 million in outstanding parking debt, and this refinancing will save $4.6 million over the course of 15 years. Previously, bonds were issued to build city-owned parking facilities in Downtown and the Central West End to help encourage development. The refinancing process began in November 2014 when the Treasurer's Office issued a competitive request for qualifications ("RFQ") for a pool of underwriters. This RFQ evaluated costs, experience, and presence in St. [...]

Treasurer’s Office Saves City Millions by Refinancing Parking Debt2019-07-19T13:48:14+00:00

Statement from the Treasurer’s Office Regarding North-South Metrolink Extension Study

2019-07-19T13:48:14+00:00

Parking Commission approves $2 million funding for study Today, the Parking Commission of the City of St. Louis approved funding $2 million for the North-South Metrolink extension study. The funds for the study come from parking revenue. City Code calls for the Treasurer's Office to conduct periodic studies on parking, which take certain factors into account, including access to public transportation. We funded the study because we are interested in ensuring future parking needs are coordinated with public transit development. The North-South Metrolink extension is one of the most important projects needed in our region, and Treasurer Jones is committed [...]

Statement from the Treasurer’s Office Regarding North-South Metrolink Extension Study2019-07-19T13:48:14+00:00

Statement from the Treasurer’s Office Regarding North-South Metrolink Extension Study

2019-07-19T13:48:14+00:00

Parking Commission approves $2 million funding for study Today, the Parking Commission of the City of St. Louis approved funding $2 million for the North-South Metrolink extension study. The funds for the study come from parking revenue. City Code calls for the Treasurer's Office to conduct periodic studies on parking, which take certain factors into account, including access to public transportation. We funded the study because we are interested in ensuring future parking needs are coordinated with public transit development. The North-South Metrolink extension is one of the most important projects needed in our region, and Treasurer Jones is committed [...]

Statement from the Treasurer’s Office Regarding North-South Metrolink Extension Study2019-07-19T13:48:14+00:00

Treasurer Jones to Appear at Democratic National Convention

2019-07-19T13:48:14+00:00

Treasurer Will Participate on Police Reform and Women and Diversity Panels Tishaura O. Jones, Treasurer of the City of St. Louis, will participate on two panels at the Democratic National Convention in Philadelphia. Treasurer Jones was invited by 20/20 Leaders of America to participate in their Justice Forum panel on July 26. The 20/20 Leaders of America is a diverse, bipartisan group of black politicians, prosecutors, defense attorneys, political strategists, police chiefs and other law enforcement from across the nation. The forum will focus on public perception and media coverage of criminal justice reform efforts, and how best to push [...]

Treasurer Jones to Appear at Democratic National Convention2019-07-19T13:48:14+00:00

Treasurer Tishaura Jones Testifies at Consumer Financial Protection Bureau Hearing in Favor of Payday and Short-Term Lending Reform

2019-07-19T13:48:14+00:00

Treasurer Jones applauded the CFPB for taking “bold action” on short-term lending On June 2, 2016 the Consumer Financial Protection Bureau ("CFPB") held a field hearing in Kansas City, MO to announce a proposed rule regulating payday and short-term lending. The new rule seeks to end the debt trap caused by payday and other forms of short-term lending.Currently, many payday lenders knowingly provide short-term loans to borrowers who are unable to repay them. As a result, borrowers are often forced roll-over the original loan into subsequent loans and incur significant fees. The CFPB field hearing provided several leaders, including City [...]

Treasurer Tishaura Jones Testifies at Consumer Financial Protection Bureau Hearing in Favor of Payday and Short-Term Lending Reform2019-07-19T13:48:14+00:00

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2019-08-18T13:10:58+00:00

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