Petition presented to St. Louis City to stop tax breaks for big businesses

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

ST. LOUIS, MO. (KPLR) - A protest against big business in St. Louis Wednsday.  The group "More", which stands for Missourians Organizing for Reform and Empowerment, presented more than 36,000 petition signatures to the city election board. The petition calls on the city to stop granting tax incentives to companies like Peabody and any entity that does a million dollars or more business with them.   The group wants tax dollars to go to renewable energy and sustainability projects.   St. Louis City officials oppose the initiative saying it would drive big businesses out of St. Louis.

Peabody energy released a statement saying: Peabody received an incentive worth approximately $4 million over the life of the company's lease. We are optimistic that, should the proposal reach voters, the citizens of St. Louis would recognize the significant damage this proposal could do to our city's reputation and its ability to attract and retain business."

If the election board approves the petition the initiative could be on the citywide ballot in March of 2014.