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Show Me Minute: Transportation Development Districts (TDDs)
Show-Me Minute: Transportation Development Districts (TDDs) Wouldn’t it be great to have someone else pay your bills? Too many private developers are doing just that…and Missouri taxpayers are footing the bill. Let’s say a developer wants to build a shopping mall. He sets up what is known as a TDD…transportation development district. He can then add to the sales tax in that area, and use that money to help pay for the mall. The law requires 50% approval from area residents, but most TDDs are formed where no one lives. So when you shop in that area, you pay more in sales taxes, often with no…
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