03/24/2017
Missouri State Auditor Nicole Galloway issued her office's monthly report detailing Transportation Development District (TDD) compliance with financial reporting laws. TDDs offer financial incentives through property and sales tax collections, with the intent of encouraging new transportation-related projects and funding transportation-related maintenance and improvements in a specific area. State law requires TDDs to submit annual financial reports to the State Auditor's Office within six months of the end of their fiscal year.
Out of more than 200 TDDs in Missouri, two have fiscal years that end in August, which means their annual financial reports are due to the State Auditor's Office in February. Both of those TDDs filed their reports on time, the Arnold Triangle TDD and the Arnold Retail Corridor TDD, both in Jefferson County.
Financial reports received by the State Auditor's Office are searchable online. A copy of the monthly Transportation Development District report is available online here.
