More than 400 Community Improvement Districts have formed in Missouri over the last two decades, and some of them will never have to cease collecting the sales and property taxes they’re permitted to levy, according to a new report from Missouri Auditor Nicole Galloway.
A total of 428 CIDs exist in Missouri, and they collected $74.3 million in taxes last year, according to the report. Seventy-five of the districts have no defined lifespan.
“Once a district is formed, the municipality has limited or no recourse,” the report said.
The report also said there exists a potential for conflicts of interest when “micro taxing districts” are overseen by boards of developers and property owners who set up the CID’s to finance their projects.
Read more: St. Louis Post-Dispatch