Dear Auditor Montee:

This office received your letter of January 22, 2010, submitting a fiscal note and fiscal note summary prepared under § 116.175, RSMo, for an initiative petition submitted by Bradley Ketcher (version 2). The fiscal note summary that you submitted is as follows:

It is estimated this proposal would provide the City of St. Louis the opportunity to control rising pension costs that could result in unknown savings. It is estimated this proposal will have no costs or savings to state governmental entities.

Under § 116.175, we approve the legal content and form of the fiscal note summary. Because our review of the fiscal note summary is mandated by statute, no action that we take with respect to such review should be construed as an endorsement of the petition or as the expression of any view regarding the objectives of its proponents.

Very truly yours,

CHRIS KOSTER Attorney General