August 13, 2007

Transportation Development Districts Good, Could Be Better, Says Auditor

Transportation Development Districts are in the Post-Dispatch again, with another, longer, report on the recent audit of TDDs, by the state. This article gives some concrete examples of the good TDDs have done for our area. For instance, Eager Road was a traffic nightmare after the explosion of shopping there in the past 10 years. The monies from the TDD have dramatically improved driving on Eager, and that money has been paid by the people who use the shopping center. Sort of a toll-like user fee, but with more collateral damage. People who shop there, but don’t get there via car, pay the costs, although people who use the roads, but don’t shop there, don’t cover any costs — so it ain’t perfect.

The lack of accountability is a serious issue. The records should be much more available to any interested party, such as Crestwood activist Catherine Barrett, who is discussed in the article. Better oversight is indeed more important, too. Every year, entities that set a property tax rate have to send that rate to the state auditor’s office for examination and approval, in order to make certain the rate is not higher than allowed by law. I see no reason districts like TDDs that set a sales tax rate should not have to do the same thing. I would like to see the Legislature address this issue with a scalpel, not a hammer. Small changes to the laws can improve the process while continuing to let TDDs bring much-needed transportation improvements to our area.

A project of the

 


Download the Show-Me Institute's iphone app. Download the Show-Me Institute's android app. Sign up for the Show-Me Institute's RSS feed
Follow the Show-Me Institute on Facebook Follow the Show-Me Institute on Twitter Watch the Show-Me Institute on YouTube

The views expressed by each contributor to this blog are those of that contributor alone, and do not necessarily represent the views of the Show-Me Institute.

Welcome to the official blog of the Show-Me Institute. Here you'll find daily commentary by Show-Me Institute staff and scholars.



Recent Posts

View a random entry.

Archives

Categories

Links

Missouri

Free Market

Sister Organizations

Powered by Wordpress