Transportation Development District (TDD)
A financial tool authorized under Section 238.200-238.275 of the Missouri Statutes. The district may be created to fund, promote, plan, design, construct, improve, maintain and operate one or more projects or assist in such activity (RSMo 238.207) Projects included in a TDD must be related to transportation, such as streets, highways, interchanges, traffic signage, bridge, etc.. The petition calling for the TDD creation must be filed by one of the following: 50% of the registered voters in the district’s boundaries, the governing body of any transportation authority, or owners of record. Funding of the TDD projects may be accomplished through a district wide special assessment of property or sales taxes with a required majority of the voter or petition approval.
If approved by at least 4/7 of the qualified voters, the district may collect a property tax in an amount not to exceed $0.10/$100 assessed valuation. The district sales tax may be collected at a rate of 1/8, 1/4, 3/8, 1/2, or 1 percent of the receipts from the sales within the district boundaries.